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DryShips, Inc. Message Board

highlowsel 1122 posts  |  Last Activity: May 27, 2016 4:46 PM Member since: Feb 26, 1998
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  • Reply to

    Nice finish with Opko today.   ·√ⁿ

    by roshpina1882 May 27, 2016 4:07 PM
    highlowsel highlowsel May 27, 2016 4:46 PM Flag

    Yup..nice recovery on a day leading into a holiday week-end. Have a good holiday!

  • Reply to

    BAC resistance $15.09 / support $14.49...

    by nestofweasels May 27, 2016 9:23 AM
    highlowsel highlowsel May 27, 2016 2:28 PM Flag

    Bid $14.82. That's it for me. Have a good holiday weekend!

  • Reply to

    BAC $16.50

    by rloos15 May 27, 2016 1:05 PM
    highlowsel highlowsel May 27, 2016 2:18 PM Flag

    Sure it will. You'll just have to be patient and wait until the first half of 2017. It's all a churn game, albeit with a slight upside bias. Imo, of course. G/L!

  • Reply to

    $10.35

    by highlowsel May 27, 2016 10:23 AM
    highlowsel highlowsel May 27, 2016 11:22 AM Flag

    I never quibble over profit. That's a great (trading) play you just closed out. One with which I'm in complete agreement. The last decade and a half (or so) have disabused me of any notion of holding once my targets get hit. It's always easier to go back in (either long or short) than it is to recover.

    Anyway..speaking of going back in and such...this ~$132.30 to .50 area represents (to me) a very toppy area....hell a look at a daily (year to date) chart makes it abundantly clear...so....see my "easier to go back in" thoughts for my own thinking on how to play it here.... ;-)

    G/L!

  • Reply to

    Back in the channel

    by highlowsel May 27, 2016 9:39 AM
    highlowsel highlowsel May 27, 2016 11:17 AM Flag

    I don't know from the short position....they're following their own logic. And sometimes it's the correct game. Sometime's it's not. That's to the extent the short size represents an aggressive tactical game. What isn't know is the percentage of the play that is a hedging game...a boxing of positions...which carries with it a different mind-set than the (more) simple aggressive one....

    As for attractive...well...from either sides perspective the passions are clear...but the reality is OPK is a small fish in a very large pool...those with vested interest always see it as a case of being the "prettiest person at the ball," but the overall market? Not so much....more like a wanna-be with aspirations of punching above its weight (to mix metaphors). OPK management has to "show me the money" before the market changes its mind in that regard...

    Again....all of this is just my 2pennies worth of thinking about it....I could be wrong...bid $10.25.

  • Reply to

    Back in the channel

    by highlowsel May 27, 2016 9:39 AM
    highlowsel highlowsel May 27, 2016 11:10 AM Flag

    Never lose sight of the fact that mischief is always a part of the market. Ummm....and I don't mean this in a "evil or malicious" sense. More that it's always a case that the market can easily confound expectations....expectations by either the buy or sell side camps. The market cares less any such (human) sensibilities. This is why some ascribe the market to a random walk function on a day to day basis. It follows its own internal dictates, and those ain't necessarily aligned to the logic of the moment....buying/selling weighed against supply/demand (of the paper) - that sort of dynamic - always has its say. From moment to moment that's all that's important. Cheering on your interests from that perspective is an irrelevancy.

    So all else being equal you might think the news is good...and it ain't bad...but the market doesn't care...remember always that the market these days is dominated (to the tune of +90% of volume) by machine action. Machines that work off human inspired TA (by the way). So set-ups get hit and bid gets moved about all based on this. Positive and negative feed-back loops set up. News? Unless it's under the category of discovering a way to make gold from lead it's discounted. But even so that's not to say longer term considerations aren't worth the paper OPK is printed on (heh)....because they are....it's more to say that day to day....if you're looking for constant affirmation...well...you're bound to be disappointed. So never paint yerself into any greed inspired corners when playing the trading game.

    Meanwhile the bid, at $10.26, is bouncing along not only at the top of that aforementioned channel...but the aforementioned 38.2% fib retracement line, too. The day to day is playing off those TA considerations right now. Ummm...just my opinion of course...

  • highlowsel by highlowsel May 27, 2016 10:23 AM Flag

    Truly the 10 day chart is a thing of beauty (if you're long) ain't it? ;-)

  • Reply to

    Back in the channel

    by highlowsel May 27, 2016 9:39 AM
    highlowsel highlowsel May 27, 2016 10:19 AM Flag

    Nah...probably not..consider this paper is thinly held and traded. This is reflected in the Option open interest. There's only 713 Call/Put positions open at the $10 strike ending today...and there's not much open on either side all the way out to Jan 2017 whereat the open interest on the call side, from $10 to $12, amounts to +43K and on the put side +8K. Up until that point there's not much going on...which tells me the options market ain't robust and ain't looking for much until 2017. So for now it's just a trade best played at the extremems...like now....bid $10.29 and I'm closing the sub .20 get here in ratchet in, ratchet out, style.

    Just some thoughts...

  • Reply to

    Back in the channel

    by highlowsel May 27, 2016 9:39 AM
    highlowsel highlowsel May 27, 2016 9:43 AM Flag

    Considerations. If $10 breaks then a return to the $9.80's is back on the table. If not then best case for now is a bounce back to the $10.45 area.....for now $10.50 is strong resistance. Bid dropped to $10.14 and now trying to bounce at .22....no....19...it's moving around like that right now...

  • Reply to

    Back in the channel

    by highlowsel May 27, 2016 9:39 AM
    highlowsel highlowsel May 27, 2016 9:41 AM Flag

    +240K in volume and +200 of that amount is selling.....impossible for the bid to do anything other than drop..

  • highlowsel by highlowsel May 27, 2016 9:39 AM Flag

    Bid now $10.19...the selling wasted little time in continuing where it left off in the final half-hour yesterday. Low volume but when a paper is as thinly held as this one any buy/sell interest gets magnified...I'm buying here and again - in ratchet in fashion - down around the $10 line, which represents the low side of the channel (top of channel is $10.30). Note that as when the sector performance was strong (leading into yesterday) so, too was OPK. Well...the sector has been weak yesterday and (so far) today...hence so, too, OPK. So overall it's following sector performance...

  • Reply to

    Bid $10.45

    by highlowsel May 26, 2016 3:54 PM
    highlowsel highlowsel May 27, 2016 9:35 AM Flag

    Yup....bid being slammed straight back into the $10 to $10.30 channel. Bid $10.32 and stops being run in low-vol fashion...

  • Reply to

    Bid $10.45

    by highlowsel May 26, 2016 3:54 PM
    highlowsel highlowsel May 26, 2016 4:01 PM Flag

    Slamming the bid south into close..now $10.42. Selling has gotten aggressive in the final half hour....~150K shares hammered the bid south....tomorrow could see the bid pushed back into the earlier channel it broke out of....that being back between $10 and $10.30...but on light volume that's easy to do. Bid just closed the session with +54K shares transacted in the last minute. The final 5 minutes was a full court all selling press put on against the bid...

  • highlowsel by highlowsel May 26, 2016 3:54 PM Flag

    Opening a swing buy side trade here. Just looking for the usual +10pennies....I don't expect to see it today...though maybe at some "bounce point" tomorrow.....let's see how it plays.

  • Reply to

    MO MO MENTOR SAYS OPK OVER $11.21 FRIDAY

    by opkdefender May 26, 2016 3:16 PM
    highlowsel highlowsel May 26, 2016 3:47 PM Flag

    Right now the sell side is doing their level best, given the light volume, to keep the bid south of $10.50. They've gone to a large show on the ask, effectively capping the bids upside...in fact...with the bid now at $10.47 and being overhung by a large show on the .48 ask it's clear the show is being used as a weight sinking the bid further. They're currently showing 17.7K shares, which is sizable for this paper...and the bid just sagged to .46 with the .47 ask now showing over 20K shares. So they're pushing with emphasis. Let's see how it closes....

  • Reply to

    Ah,Oh, $12 is here.

    by my2ndwave May 26, 2016 1:54 PM
    highlowsel highlowsel May 26, 2016 3:24 PM Flag

    Now $12.02. Weeeee? ;-)

  • Reply to

    MO MO MENTOR SAYS OPK OVER $11.21 FRIDAY

    by opkdefender May 26, 2016 3:16 PM
    highlowsel highlowsel May 26, 2016 3:22 PM Flag

    Don't know anything about a mo mo mentor but I'd say the odds of $11.21 by tomorrow are somewhere between slim and none. For now the bid seems to be consolidating at the $10.50 line. Ordinarily I'd attribute a certain amount of the "dance around $10.50" being seen today as Options mischief....but there's really not much action going on there so....just some basing going on...all on light volume, too. Smoke 'em if you like 'em....this seems to be it for now....but if $11.21 is hit tomorrow I will sing this mo mo's praises? ;-)

    Current bid, $10.50

  • Reply to

    Bid $11.90

    by highlowsel May 26, 2016 12:58 PM
    highlowsel highlowsel May 26, 2016 1:06 PM Flag

    Well...it's staring at the front end of summer...and summer ain't known to be gang-busters for this sector...soooooo.....play it accordingly? Just my 2pennies WAG for thoughts....G/L! Bid now $11.93.

  • Reply to

    Bid $11.90

    by highlowsel May 26, 2016 12:58 PM
    highlowsel highlowsel May 26, 2016 1:05 PM Flag

    'Course....they say 3rd time (test) is the charm so what're the odds the bid breaks out of the top of the channel?

  • Reply to

    Bid $11.90

    by highlowsel May 26, 2016 12:58 PM
    highlowsel highlowsel May 26, 2016 1:05 PM Flag

    Sorry for the staggered nature of the posting....YHOO doesn't seem to like me posting verbose commentary on this thread.....I continually have problems here...not on other threads, oddly enough...just on the MU one.

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2.190.00(0.00%)May 27 4:00 PMEDT