As predicted...r-split it and us shorts start pounding it again. It's like 7:1 leverage again. Anything above $7 and it's worth shorting now. The equity is worthless, so shorting it $7+ makes it worthwhile. Back under $1 soon enough.
Jrs and all his multiple ids are on suicide watch. Price going up drives them nuts.
$.69, Arch. I think its the knell for amsc.
Meanwhile, we're up $.10 or nearly 15% on the latest DRYS purchases. Can't say I have much confidence in this dumpster dive long. Dry bulk is improving, but far from turned around.
Thanks. The naysayers won't make a penny up or down. Why they're even here baffles me. It's proof some people place absolutely no value on their time.
Frankly, it's not a bad strategy. If and when it decides o breakout, there shold be plenty of upside. Otherwise, you waste no time holding dead money or worse the bags if it doesn't make it. I recommended this with another stock (unrelated) and had I taken my own advice and bought at $2 on a breakout, I would have skipped several years of going nowhere.
DRYS is far from turned around; however, I feel it's turned a corner. There's so much negativity priced in just removal of it would add $1-$2 upside easy. And Q1 might just be the tipping point.
I don't recommend using never. If enough capacity is taken out for whatever reason, prices can skyrocket. For example, I owned a Russian oil company at $.10/sh when oil went under $10/barrel with Clinton. You'd never think those shares would be worth $161 or oil would go to $50 again by 2005...let alone $145 by 2008.
DRYS is less dependent on ORIG than say its oil tankers. With dry bulk in such a glut due to over capacity, it needed tankers to offset/diversify. While it's nice DRYS gets dividend from ORIG, it's no dependent on it. If and when dry bulk recovers, DRYS will be just fine as stand alone co.pany providing is maintains effective leverage level and /or appropriate capital structure now that it knows what happens in difficult economic times.
Manipulate DRYS? lol. If I were manipulating it, the price would be $3. It's speculative at best, I acknowledge this. I'm not suggesting anyone buy it otherwise. But for you to be so sure yet bet nothing and post doomsday garbage all day...can't be healthy for ya. Just wait until it's over $10.
The recent issuance was to repay converts and delever. Plus, GE put in over $50M of his own money. It's one of the reasons I bought DRYS. How much money did Yurek put in AMSC? Oh right, he cashed out $40+ and fled the company. I'll stick with GE...greasy as he might be, he took me and DRYS from $30 to $99.
Imagine up 10% in less than 2-hours. $24 to $14 on my RIG short, don't forget to envy this as well.
$.83 anyone? Hurry, Q1 results coming and big rally eminent. Generational low for DRYS has come and gone...of course, a few of us own it.
Once again, you're wrong punk puke. That was a small support buy last Friday and already up 12%. Note I also own $.73 on up to $.99. When DRYS is over $5, I'll take you off ignore. Now, bu-bye idiot.
I'm not stuck with anything. I was smart enough to sell DRYS to you at $99 the first time. Now I own it at $.99 and as low #$%$73. Do you think I care about losing $1/share?
I can't believe you spend an entire weekend in rehab and already you're drunk, bitter and belligerent so early on a Monday. I knew you'd blow a gasket with me calling a bottom and making more money. You're wrong, junior, and I'm going to school ya. All dry bulkers going bk...bwahahaha!!! And shipping will be free!! Bwahahaha!!
Yep, all the naysayers missed it. Ironically, these will be the same idiots pumping it when they all realize they're wrong and are forced to buy at $50+...when we're all selling. Bwahahaha!!!
Shove this in your crack pipe...punk
Date Settlement Date Symbol Description Commission/Fees Interest Amount Avg Price
3/20/2015 3/25/2015 DRYS BOUGHT 1000 SHARES OF DRYS AT $0.7522 ($10.76) $0.00 ($762.96) No
3/20/2015 3/25/2015 DRYS BOUGHT 700 SHARES OF DRYS AT $0.7522 ($9.63) $0.00 ($536.17) No
3/20/2015 3/25/2015 DRYS BOUGHT 300 SHARES OF DRYS AT $0.7539 ($8.13) $0.00 ($234.30) No