Folks they will be no more ships once these are sold. Nothing but debt will remain on the Balance Sheet. Sell now before they sell the last 20 ships to George. He's going to start up another shipping company with those 17 ships. Can't you see what he is up to?
I like the risk reward at this level. The stock has been in a downtrend for awhile. The news continues to get better. It's a "show me" stock for now. I rarely buy stocks making 52 lows but I will make an exception here.
Buying a Qtr position at $2.25 and will continue to add until I get 25,000 shares.
Lockup expiration coming up. It will be below the IPO price so no one will want to sell it. Just be patient be this will be a 10 bagger one day.
Yes but DRYS had much smaller float at that time. The company issued new shares to raise money over the years. The reverse split with shrink the float once again. It really has no bearing on the stock performance.