Arch, both AMSC and drys are horrible. I never saw any of the things I wanted to see with DRYS. Sold half already. By the way did you hedge the long DRYS with short RIG like I told you? Up $7 on that short and yet down $.40+ on half my DRYS junk. The last results were atrocious. Still making money more and more as RIG joins ORIG in Davey Jones' locker.
AMSC is still junk and McCan is clinging to AMSC straight into bankruptcy. Bank on it. Otherwise, not even Home Depot would hire the cheerleading putz.
There's been no recovery and I doubt one is coming. Quietly DRYS has unraveled itself. Tankers are gone. Dry bulk fleet impairment charges rising. Frankly, all this aside, where's the catalyst here? Restructuring debt maybe? GE buying more assets?
I've seen a lot in decades of investing, but never have I seen a company until DRYS flush itself down the drain. 0 for 1 reverse split is coming and low will just go lower as short pound the snot out of it with 10:1 ratio leverage. My vote for DRYS heading toward bankruptcy is in...simply there's nothing of it left to grow. Looks to me like GE scorched it.
Board is nothing but a bunch of puppets. They gave board a huge sweetheart deal in stock years ago...it was scandalous. I guarantee McCan clings to this right up to bankruptcy. Who else on earth would want this job limping along a proven failed business into bankruptcy anyway? No one with any common sense that's who. But he gets to call himself a CEO...bwahahahahaha!!
My judgment might have been worthless but yours is worth $0. You'll ride this junk into the ground. I placed my bet on DRYS and was wrong. You on the other hand are just plain stupid and bull-headed. By the way, I might have lost on my DRYS waiting to see if certain things played out; they didn't. But I also said short RIG at $20. I guess you didn't listen...too busy losing money, huh?
The largest bagholder must be selling now after this drubbing. Sure looks like GE will sink DRYS into bankruptcy. Meanwhile, he just stole the tankers for safe harbor pre-bankruptcy. Looks pretty disgusting at this point. I guess his last attempt to snooker bagholders "buying" stock came with strings: he won't lose a dime as result of plundering the oil tankers. Unreal.
Held you in at $3??? I wasn't posting to this board at $3. In fact, only under $1 the first time was DRYS a great buy. Now, we have more info and it doesn't look so good. Appears GE will tank DRYS I to bankruptcy just like Paul Allen did with Charter Communications. It's pretty disgusting. It appears I was wrong with DRYS and about GE at this point. While it's not over yet, my assumptions have not happened and frankly it's just gotten worse with more time and facts. GE isn't trying to save drys. This seems clearer now than before.
Pumped and now be dumped. BFG calls it again. Every share short getting greener and greener. Bwahahaha!!! Look at the piddly volume = manipulated junk.
You mean Greg Yurek, founder and inventor of super-conducting flimflam! Just like Enron, he took the money and ran! Bwhahahahaha!!
I'll never forget the SEC filing of him dumping millions worth at $40+ (or $280+ post-reverse split!) knowing what he knew. His sham was over...I posted it over and over to warn others. Right, lafeet? You and ssquared pumped this junk all the way up as I was short from $17 to $43...and ALLLLLLLLLL the way down to Davey Jones' locker and soon bankruptcy. Bwhahahahahahahaha!!!
Doesn't look good. None of he things I wanted to see happened either. Looks like a bad call on my part. Everyone has given up on GE. What a shady character like Paul Allen bankrupting Charter Comms. Well, without the debt, I will be buying the new shares. Banks and bagholders alike will pump the new shares to get back their losses. Just look at Charter now.
Whoever is doing the trading is paying fees. While they mightbe lower with more volume, it's still costing them money. My feeling is the churn is computers but it's to maintain interest in this junk as people sell it and short it. No one wants to buy rubbish doing 100,000 shares a day. But with DRYS, really, I think people are selling it because it's going bankrupt. No recovery and company in a very tough spot and now even denuded of tankers for what used tobe a nice catalyst. Sure it has delevered along the way, but being such a small focus drybulk-only shipper? Yeah, I doubt it comes out the other side. Upto a year ago, I had hope, but now DRYS appears hopeless. None of my expectations have been met, so relying solely on GE and DRYS' "goodwill" with banks', well, nice investment thesis. Good luck selling it to any investors already run over by this fright [sic] train.
I'm short IMAX nearly as much as I was amsc. I see all the tell tail signs. Remember when WPRT's results kept getting worse and the stock would rally more? And now no one will touch it or AMSC in the dirt. I couldn't get anything for the IMAX long position I held years ago...suddenly the junk is worth more? Movie industry is done. Done in 2D and even more done in 3D.
It's the longest talk about a recovery I've ever witnessed. DRYS is Bear Stearns done. There is nothing left. No catalyst and the stock is so diluted, it's toxic and polluted. No one is buying this junk. Everyone is too busy taking whatever they can get now. Market makers must be getting dumped on hence the 7%+ drops frequently now. GE won't save it. It's too far gone. It's better money to move on and restart with new...or even reorg post-bankruptcy like Charter Comms did. Paul Allen never missed a meal nor lost any sleep on BK-ing it.
Everyone is dumping shares. It's the fact. Those looking for a bargain continue to get a discount to nowhere.
Before others do. Second seller is the first loser with DRYS. Simply amazing what's happened. Once I had a lot of respect and regard for GE. Now he's just another Paul Allen that'll bankrupt his own company when the time is right.
McCan is just hanging on like the rest of insiders...for a paycheck. Over a billion in losses, there's nothing here but wind down and turn out the lights. It's destined for Davey Jones' locker.