DryShips Inc (fka DRYS)

[makedrysgreatagain]

"This is still a short! "


Wow excellent DD. The reason this stock was selling low was the anticipation of dilution but now with no more stock sales for the rest of the year the avg selling price of all the shares is well above the current price instead of anticipated to be well below the current price.

That's the huge difference...what made it a great short before has reversed
and it has become a value...this is why the stock traded around $4. People just took profits and the aborted long plays in the morning had to sell to shorts who provided some of the shares they had bought prematurely. This is a classic pattern. The value here is definitely above 2.75 and at least the weighted avg of that price and the rest of the shares sold at much higher prices so depending on how the company can communicate with shareholders and execute it's business plan this has great potential. It's not going to $100 but a double or more from here with the right catalysts is doable.

Some possible catalysts are increase in the dividend
Continued rise in BDI
More institutions taking positions
More accretive acquisitions
execution by management to unluck the value of the fleet without wasteful corporate expenses.

Time will tell but at this price and with BDI setting up to make GE's $77M in EBITDA doable this is certainly not a short.