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DryShips, Inc. Message Board

highlowsel 777 posts  |  Last Activity: 1 hour 30 minutes ago Member since: Feb 26, 1998
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  • highlowsel highlowsel 1 hour 30 minutes ago Flag

    No south of $16.80.....yet....but being able to stay north of $17 seems just as problematic. Bid now $17 after reaching, again, the $17.05 area....if this equity were cream I'd say they're trying to churn butter.....the churn has been particularly...excessive, today. The only saving grace is volume is just...average on the day. But we're now going into the final hour....let's see which way this goes...

  • highlowsel highlowsel 1 hour 48 minutes ago Flag

    Well between you and Bac_trader if either one of you are correct there will be happier buy siders than there probably are right now? Excepting those possibly scooping up some longer term cheapies? Anyway...looks like bid is holding well north of your $16.61 support zone. At least...with the bid at $17.03...it is for now....but color me cautious because it takes an hour to run +10pennies north and about 15 minutes to run it back down by equal amounts. That's been the definition of the churn today......let's see how the final hour plays out...

  • highlowsel highlowsel 2 hours 16 minutes ago Flag

    Bac_Trader: You could be right. Let's see how it plays out. For now the bid is catching yet another lift (into a drop?). Now at $17.04 and floating upwards...again...

  • highlowsel highlowsel 2 hours 47 minutes ago Flag

    Bid now again back at $16.95. I've pulled the trigger on the $16.85 "get" since I'm getting my 10pennies. Besides....I just don't trust in the longevity of any of these "surges." They're being manufactured for churn effect. The overall shorter term trend (no pun intended), is down....at least...for now.....

    Think I'll run down south of $16.80 and wave a low-ball bid...just for giggles to see if the afternoon reveals yet another leg down....

  • highlowsel highlowsel 2 hours 53 minutes ago Flag

    Why they should just invade 'em already! Wait....they tried that once...didn't turn out as expected. Nor will any of this drama going on today.

    Meanwhile it looks like MU bid is trying to stabilize here in the $18.70 area (bid now $18.82. Typically after a major slamming event (or pop, too) it takes about 3 sessions to work out all the roiling and the kinks before you get a sense of things. Well...depending on your perspective this could be session 3 post apocalypse (for MU)? I'm beginning to nibble here but with one eye on the continual exogenous events swirling and muddying things on the global stage. If it ain't Greece it's Puerto Rico (with a +72BILLION dollar hole again....and we think Greece is bad. How in the hell did America let that one play out in their own back yard, eh?).

    And if not PR well there's China waiting in the wings....

    So the session +3 idea for MU may be strung out a bit longer than 3 sessions.....we'll have to see.

    Just some thoughts.

    Highlow
    American Net'Zen

  • highlowsel highlowsel 3 hours ago Flag

    Bac_trader: Love the optimism, I do...I really do. But I'm coming 'round to the impression that hitting $18 by September might be fancy talk. That's 2 months out from now. Blow out to a 2 year chart to get a sense as to why.

    On that time-frame it looks decidedly like there's a wide channel within which BAC is being churned. Now granted time changes circumstances which lead to new trading/investing realities but....well....rate increases seem increasingly fanciful talk...and the finnies have had, as you say...an outstanding run. Could it be things are now rolling over and now back to the lower end of the channel we go? Me...I tend to care less because I'm trading BAC day to day....just tossing it out there for thoughts, musings, considerations. ;-)

    Bid $16.87. Watch the way the ask is being used to play the bid.

  • $16.85. They are having one hell of a field day churning this equity today. And in playing it over and over again so, too, am I. Now back in yet again at this line just playing the trading game, even though I expect Master to take this bid south of $16.80 so long as the intraday continues apace...the buy side just ain't showing up...but again it's stagger your entries and exits as a tactical style...

    On a larger note....say a 2yr chart note...I'm coming around to the impression that we saw the high in this equity in early January. On a 2 year time-scale it looks like the bid is being continually churned in a somewhat wide channel. It's being churned....now THERE'S a surprise to those that've followed this one for any length of time.

    Just some thoughts while watching them play the Pooch to high heaven...

    Highlow
    American Net'Zen

  • highlowsel highlowsel 4 hours ago Flag

    And think a bit further...Puerto Rico is ~76 BILLION in debt. Interesting how the media seems to have overlooked the situation until...yesterday.? Meanwhile BAC bid again getting the usual sell side tactical bludgeoning. Now again back at $16.88....

  • Reply to

    PM Bid $17.03.

    by highlowsel 7 hours ago
    highlowsel highlowsel 4 hours ago Flag

    Bid $16.95. Master is doing a good job of keeping the Pooch's head south of $17. He's allowing for massive churn but all to no overall effect on bid. Why am I not surprised....

  • Reply to

    PM Bid $17.03.

    by highlowsel 7 hours ago
    highlowsel highlowsel 5 hours ago Flag

    Nest: You can be forgiven for not realizing the PR mess. Although it's clearly been building for a time at least as long as Greece it's "funny" how the media didn't bother to cover it....at all. So now they're acting all surprised and such. Like nobody bothered to catch the fact that a flood of PR immigrants have been pouring in and such? Not that this is the issue....it's more the issue that here well within our American sphere of influence it's clear that we, too, can be as inept as our European brethren. Hey...it's a global financial system we've built...so though it's increasingly better viewed a "chitty chitty bang bang" machine it's clear that all players and partners therein can act in problematic and irresponsible fashion.

    In effect the old Latin adage of Caveat Emptor applies with our Financial system, eh?

    So it goes....

  • Reply to

    PM Bid $17.03.

    by highlowsel 7 hours ago
    highlowsel highlowsel 6 hours ago Flag

    Earnings is on July 15 before session open? That's if my data is accurate. Jeeez that's a Universe of time to take the Pooch all around the barn and back....10 times worth, too. And so long as Greece and PR (less so China but you can throw them in there, too) remain as they are......well....there's all the FUD necessary to drive the process of around the barn and back and around it again....and again....and again....

  • highlowsel highlowsel 6 hours ago Flag

    Yeah well now the Media Cassandra's are all about Puerto Rico and beginning to tune up their wailings about impact to US Bonds, etc....it never, ever, ends does it?

  • Reply to

    PM Bid $17.03.

    by highlowsel 7 hours ago
    highlowsel highlowsel 6 hours ago Flag

    Bid $16.92. That's a 20penny swing in bid in a half hour. That's impressive for such as BAC. And it tells me the emphasis remains to the downside because the bid is now $1690 and being walloped silly just like yesterday. In effect the sell side tactic game is ON! Opening gap is now completely shut...let's see if the intent is to continue the walk-down like I WAG'ed yesterday. If so...then look for another 2% downbubble...or roughly 40 pennies. I rate this as a low probability event....but it's there sitting at the edge of the table for consideration.....it'll all come down to how $16.90 is managed...now $16.93.

  • highlowsel highlowsel 6 hours ago Flag

    Bid being taken back south of $16.90 again. That was a typically short lived rally/bounce the System Lords put on with this equity. Bid now $16.89 and being HAMMERED just like yesterday.....I won't be surprised to see a test of the low $16.70's today.....

  • Reply to

    PM Bid $17.03.

    by highlowsel 7 hours ago
    highlowsel highlowsel 6 hours ago Flag

    Okay...it appears Master is interesting in keep Poochie under $17. He allowed for a brief saunter to just north of $17.10 then proceeded to garrot the bid back to where it now sits....$16.95. Master used +7M shares to do the garroting. Impressive given total volume so far is +12.7M. I closed my $16.91 get (from yesterday) at $17.06 and am now looking to re-open it at about the same line as before...maybe lower if Master keeps this up...

  • Greek drama may be resolving itself...or setting up for another kicking of the can down the proverbial road - all to the relief of global onlookers. China appears to be back up today. More relief. Only P.R. (Puerto Rico) remains from the last 24hrs or so of a political/economic perfect storm. It does beg the question....where were our vaunted media and analytical types with this stuff? Like it all just came down yesterday? Yeah....they're real good with their jobs ain't they? Heh!

    Anyway...still holding get's gotten over the last session or so. Let's see what Master does today with the Pooch.

    Highlow
    American Net'Zen

  • highlowsel highlowsel 7 hours ago Flag

    From the look at the last few sessions I'd say a whole cadre of very powerful people have been playing this Grecian drama to maximum self-interested effect haven't they? Over and over and over again it's been "We've GOT it! No, we DON'T GOT IT. Wait...We've GOT IT NOW! Errrr.....no...we don't. Hold ON! We've GOT IT NOW!" Over and over and over again this has been the dominate pattern for well on the last month or so. I'd say some in key roles must have been making the most of the churn.

    But that's just my presumption while wearing me pointy tin-foil hat. I'll take it off now.....

    Highlow
    American Net'Zen

  • highlowsel highlowsel 7 hours ago Flag

    If I was a member of the paranoid set I'd say the last 24hrs of panic and turmoil were the creation of the System Lords all to maximize their self-interest....and anyone else tracking their machinations and playing along? ;-) But I'm not paranoid. Nobody in a position of Power and control would ever, EVER, dream of doing something like thaaaat now would they? Heh!

  • Reply to

    PM Bid $17.15

    by highlowsel Jun 29, 2015 7:15 AM
    highlowsel highlowsel Jun 29, 2015 3:47 PM Flag

    ~2M shares thrown at the bid crumpled it to $16.87. 15 minutes left....and infinity of time to waltz the bid south of .80....I have a bid set at .81...but think I'll move it down into the low .70's....it may not go there today....but since this non-BAC situation will not be resolved tomorrow I expect to see another downbubble day....calculate the usual ~2% downbubble means you can look for another ~.40 pennies of downside over the next session or two. That's calculated at 2.5% on a close of ~$16.85...

  • Reply to

    PM Bid $17.15

    by highlowsel Jun 29, 2015 7:15 AM
    highlowsel highlowsel Jun 29, 2015 3:42 PM Flag

    Indeed....bid setting to break $16.90. Down ~3% today...ask show continues, as it has almost all day long, to overhang....Down down over 330pts....feels a little bit like 2008 when everybody was throwing all the babies out the window with the bathwater.....but it'll pass. Here comes the $16.80's...

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