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Yeah right LOL
The student has now become the master
I think your very very wrong and need to look at the original O/S number and the current and you will find the PPS received was nowhere near a $1
So as predicated TOPS has made Turkeys out of the longs just in time for thanksgiving. Sorry bunch of Greeks pirates.
Cannot say your were not warned just one of my many over the last few weeks and there were plenty of others warning of the same .
Same old bluff and bluster here, i have seen a million posts in the last few weeks saying the earnings were going to be awesome and this would take off like a scolded cat,
Guess what they were not stellar, in fact they are hardly making any money once you factor in the cost of running these ships
You really need to read between the lines, their income actually went down, the losses were so high previously because they wrote off value of some ships.
All the Greek shippers went up this morning on the absurd overreaction to the DCIX financials in which they still actually lost money. But hey if you were quick you made good green, late to the party and you can join the bagholder club , until the next spike. Look at the volume , every man and his dog were trying to flip this bad boy, now most of the shippers heading back from whence they came, these stocks are for purely trading. Most of the trades are computer algorithm generated and result in these crazy spikes , sadly most are not quick enough to benefit and end up holding, TOPS has nothing in the locker but dilution and more potential debt at 15%, it is where it is because its a scam company, controlled solely for the benefit of the CEO and his family with total disdain for shareholders, like all Greek shippers.
Always good for a flip though
Jack be nimble Jack be quick, hang on to this to long and regret it, all this lovely volume is great to flip this turd, but it will not last, so do not fall in love.
You cannot force someone to increase his short position, that is a choice they make, you can most certainly force them to cover so stop talking like a bagholder.
Two quotes today
Know when to sell, holding this turd means you will lose. Strong hands mean more bagholders when dilution is in play. Greek shipping CEOs and their families always win. History my friend, look at any of the Greek shipping stocks and see how much a long has lost over time.
Now they have diluted the O/S the next step in the Greek shipping playbook will be the R/S and carry on diluting
They are so brazen about it as well, wish i had a couple of ships of my own to fund my lifestyle LOL. They must pinch themselves everyday as they could not do this in Greece as they would end up in the Aegean tied to a large rock i am sure.
never dull though LOL
Blame the board not the shorts, as soon as they announced the further dilution scheme its was a green light to short plenty of shares to cover , they are diluting again why are they doing that if they have a note for $12.5 million, oh yes because they are crooked and unethical scumbags LOL. Love those Greek shippers, should fly the skull and croossbones on their ships LOL.
It beggars belief that people actually still think these Greek pirate stocks are worth anything but a day trade, and then only when MOMO and volume are on the right side of the trade. How many times must they pull down your pants and roger you senseless before you say enough, today's PR was as predictable as the sun rising in the morning and the warnings have been repeatedly posted.
Those Greek shippers sure love the US markets, too funny
To be honest you just follow the real MOMO on these turds ( Greek shipping), they do not follow normal trading patterns because they are so damn crooked, they are like sh*tty penny stocks on the Nasdaq, the wild west. Get in and get out do not hang around or you will feel financial pain for sure.
Made plenty of mistakes initially but now i only play when serious volume and upward MOMO tell me to. I am not looking to find bottom i just ride the waves that are in motion already do not need to be the smartest guy in the room.
JMHO
GL
No Problem
one other thing you should be aware about Greek shippers is that they are family affairs
Greek shippers sure like to rob the gullible and the greedy , does not matter what the ticker is they are all crooked as hell and only in play when the MOMO says as much. The releasing the prospectus this morning was a classic Greek shipping move, no doubt this was shorted to sh#t by those in the know from yesterday afternoon on wards .
Plenty lost green here.
Need to buy myself a couple of rusty old bulk carriers and start my own Greek thieving , sorry shipping business, always plenty of people willing to finance it seems.
you need to read it closer yourself,
GE can do as he pleases and sell when he wants , par for the course
Your assuming that DRYS still aging Pananmax spot rate ships actually get hired in the first place on a regular basis. I seem to remember everyone telling me how good 2Q results would be as well LOL.
Yes DRYS is better shape financially that it has been for quite some time, which based on the fact it was on the bones of its ass that is not that surprising. It also came at the cost of wiping out longs repeatably as GE milked the naive or misinformed with his Kalani trick.
But lets get this straight GE is a master of self enrichment not running successful public listed companies, his private entities seem to do OK but DRYS and Ocean rig have both been used solely to enrich himself at commons expense.If they do actually start making money GE will find a way to channel to his private operations and just add debt to his public holdings knowing full well he can just return to the well ( US markets) to raise more money if needed.
Anyone claiming DRYS is actually a good long term investment is delusional
One thing that anyone who plays here should always have in the back of their mind is that DRYS is a foreign company that just happens to list on the Nasdaq solely in order to milk the US investor and appear respectable whilst doing it.
They do not have to play by the same rules as a US based company with regards to reporting and filings and this has allowed GE to double cross and double deal everyone for over 13 years at the expense of US commons, banks, bondholders or whoever as he will always be several steps ahead of any investor no matter how smart they think they are
That is not to say you cannot make money with DRYS, but to do that you need either Luck or you follow the momo and volumes and you do not stay around for very long or a combination thereof .
History will tell you that genuine longs lose every time here as GE will try every trick in the book through his web of affiliates and sister companies to enrich himself and his family at the longs expense.
At the footnote to the prospectus it really tells you all you need to know
GE can be swing trading on his insider knowledge to his hearts content and he does not have to report a damn thing.
Do not hold this stock for long its toxic to your wealth if you do
JMHO
Only one real winner here, that is GE, his latest control grab is a perfect example of how to screw $700 million out of dumb retail and control it all without having to part with a penny of your own cash.
Without a screenshot of the trades its just hearsay, and nobody it seems ever loses money LOL, always buying the low and selling the high, where do all the bagholders appear from, as that is what 99% of DRYS longs are, whether they are willing to admit it or not.
GE is a genius, he tells you he is F88king you over in advance and yet people still cue up to be reamed.
Day/Short term trades are the only call here
Nasdaq is the market
http://www.nasdaq.com/symbol/drys/after-hours
Why did you think it was solid based on the last 8 months ?
Rule No 1 do your own DD and make your own calls, losing money because of somebody else,s call hurts way more than making your own.
Never ask a board for advice, surest way to get f##cked over, 99.9% would do what GE has been doing if they had thought of it first
I think he is struggling to grasp that 300% dilution took place in a few days and there is still almost $50 million left and as the PPS has once again cratered it means large amounts of dilution still remain.
Kalani would have made a mint buying at the $1.88 average and selling in to Monday and Tuesdays little spikes.
This scheme is brilliant, i have never seen such a slick transfer of money from the greedy to the greedier
JMHO
if you bought 40k shares thinking the O/S was 300k and it traded 12 million shares you have no business trading full stop. You know all about the R/S but not the O/S?
Now stop posting crap because we both know nobody buying $60k worth of shares is that dumb, wait hang on if its DRYS they are buying maybe they are.
Are they dilutiing ? are you serious dude ha ha ha ha ha ha ha
Bullshit alert, i have seen some beauties here but this is right up there
Never heard that before on this DRYS forum LOL
Not getting get cocky, stating facts, money to be made for sure but only when the stars align, anyone foolish enough to try and be the smartest guy in the room and call it early has been made to look rather foolish for the last 7 months give or take the odd little flip opportunity for some, but longs have been shafted non stop, hence the multiple lawsuits
As for actually being long here, then that is a fools paradise and has been since 2008 onward, GE will shaft commons again in the future no doubt, he will not change, so longs trade it do not hold it too long unless you enjoy trying to polish a turd.
GE thanks you for your service
JMHO
say it aint so