Not me. I can easily afford to hold and I do. No margin here.
You would have a lot more credibility if you had "shorted" in real time. I'm sure now you'll say it was at 22 or something. I'm sure it's mostly BS but if you made money, good for you. You are an obnoxious creep and I don't see the reasoning behind seriatim posting just to make people feel bad.
you have no room to talk. Where's that 5 year low you promised a month ago? You are dumber than a bucket of hair.
will you shut up? you were calling for bankruptcy a week ago. Why do you bother? Everyone thinks you're a clown, and they're right!
Ocean Rig UDW lends $120M to DryShips, extends Petrobras contracts
Ocean Rig UDW (ORIG) said it has agreed to lend its parent company, DryShips (DRYS), up to $120M of immediate liquidity through a short-term unsecured loan. The proceeds will be used, if needed, to repay Dryships’ 5% Convertible Notes maturing in Dec. 1. Ocean Rig has declared its third consecutive quarterly cash dividend with respect to the quarter ended September 30, of 19c per common share, to shareholders of record as of October 31, and payable on or about November 11. Ocean Rig added that it has been awarded extensions of the drilling contracts for its two ultra deepwater drillships, the Ocean Rig Corcovado and the Ocean Rig Mykonos by Petrobras (PBR) for drilling offshore Brazil. The contract extensions are subject to partner approvals. The term of each extension is for 1,095 days with a total combined revenue backlog of over $1.1Bm excluding reimbursement by Petrobras for contract related equipment upgrades. The new contracts will commence in direct continuation from the end of the current agreements with Petrobras, in Q1 and Q2 of 2015. Ocean Rig also signed an amendment with Total E&P Angola to extend the date by which Total E&P Angola should exercise the option to extend the term of the contract for two additional one-year periods. The first option is now exercisable until February 27, 2015 and the second option exercisable within one year after the date of exercise of the first option.
I'm putting my entire account into this stock. I haven't seen a bigger no brainer in years.
You'd have to be nuts to be short this stock. Truly nuts.
by londonwhale1 • 21 hours ago Flag
The high for the year was probably today, 3-4 years from now the markets may be lower than current levels....Markets always regress back to the mean....Robert Schiller said this isone of the top 3 overbought markets in history, 1929 was one of them.....Where does this leave DRYS, bad to say, but if this scenario is correct, DRYS will correct right along with the market...Until the BDI reverses in a big way....A big way...
All out early today @3.41 &3.40, but....Bought same number of shares back @3.35 & 3.36....Still ahead of the game Less
I hate this thing with the heat of a thousand suns but I'm not stupid. When people put that kind of money into it, you must take notice. They know something you brain surgeons don't. There isn't much to comment on anymore, you can't even day trade it. But I'll hold what I have even though I don't want to.
because so much of this is controlled by option strikes and hft/index stuff and one firm, I'd say if the market continues down, $2.45 - $2.50. Needs to reclaim that 52 week low to secure a bottom IMO. I still think there will be at least one more move over 3 before year end.
But none of this has stopped talk of consolidation in the sector. US coal giant Walter Energy was rumoured to be in the sights - again - of BHP Billiton, down 24.5p at 1690.5p, or Rio Tinto, 11.5p lower at £30.20. In 2012 BHP was said to be mulling a $55 a share bid, but now the purported price was just $5 a share, still double the current market price.
I'll bet you're hungry. You're down $1.50 a share. Are you posting from the library? Is there a soup kitchen nearby?