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This board is too funny, it ran up to a $100 back in November when the share count was 1 million and was locked up real tight, it did not take many shares to get up to that number and not many made loads of money despite whatever you read not many shares were traded at the top end.
Its now almost 40 times that many of OS , for the love of all that is holy on Tuesday it traded 160 million on Wednesday 100 million , do you really think shares are hard to come by and shorts have not covered. People were buying an selling numerous times in a day
As for the earnings do you really think they will be so good it will cause a stampede for a perennial turd like this stock. If they were so good do you not think Kalani ( GE in reality) would still be holding millions so they can make their big money and the insiders would be holding large. No the insider who was holding bailed out of this POS before the dilution and reverse split followed more dilution.
I hope some of the longs actually do get some of their investment back , but holding this long does not usually bring a return on investment.
GL
Agreed,that is the name of the game.
Ha ha never heard that one for a few days, if i get burnt it will not be on this turd that is for sure. George screwed some more money from suckers, sorry investors its done a 12000-1 reverse split in less than a year and despite the smoke and mirrors from GE it is still priced at $4 great stock, not. Not saying it will not go up but it will come straight back down if it does as its just a day trade only not an investment unless they get rid of the big greek and start operating like a real company not GEs private toy, never been above $6.50 this week despite the massive massive volumes Tuesday and Wednesday. Until next week i guess, some people will be disappointed/burnt for sure Now to enjoy the weekend
GLTU
What is the truth when it comes to a POS like DRYS ?. Garbage posted all week long by many on both sides of the fence, plenty not true.
That is the beauty of the markets, its all opinions, apart from the extra cash GE has screwed from investors with the fake Kalani investment, which is not earnings do you really think the earnings are going to be awesome, have you actually looked at the books? here is the 3rd quarter
http://dryships.irwebpage.com/press/dryspr110916.pdf
Yes they have more cash, which they intend to spend on the new ships
but they still have plenty of debt which big George now owns and will take the nice shiny new ships at a discount if they default i am sure.
As you say lets see how next week pans out, but DRYS being a genuine golden goose seems a little far fetched to me. Why do you think the earning will be so good apart from moving the date up, that was probably a ploy to the continue the feeding frenzy Tuesday after hours/Wednesday.
JMHO
GL
The Hyperbole here is too funny, not everyone is loading today, this is the lowest trading volume since January 20th, about a 12th of the volume Tuesday this week.
Peeps wetting themselves because it goes up 10-20c, then down it comes again its had 3 green days in a month. Lots more people down on this turd than up. Do you really think the earnings are going to be stellar next week?
But to each their own, its a flip nothing more nothing less and its all in the timing, anyone calling big $ numbers on this is just like that Supertramp song
you know the one right
Dreamer,nothing but a dreamer
JMHO
Please refrain from posting this complete BS statement, the insider owns nothing NADA ZIP ZERO he got out early January before the dilution the split and the additional dilution.As was posted earlier to the same link.
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11767778&RcvdDate=1/5/2017&CoName=DRYSHIPS%20INC.&FormType=SC%2013G/A&View=html
The maths does not add up for the funds either
The only reason this is not a 000 stock is all the reverse splits in the last year.
https://www.splithistory.com/drys/
Less than a year
Random Old information hopelessly inaccurate, number now nearly 5 times as many( at least). The number of posts and the current volume tell you the momo boys are leaving the party. The excitement over the 7% spike this morning sums it up.
Hope you got your depends on for all this excitement , i merely caught you out posting bogus info you most certainly are not the boss of anything but BS, caps and all. I am happy for you but do not try to post misleading information or you will be called on it.
He owns squat, which is explains a lot, misleading DD on your part
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11767778&RcvdDate=1/5/2017&CoName=DRYSHIPS%20INC.&FormType=SC%2013G/A&View=html
That information is out of date the insider sold his position before the dilution and split a month ago,
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11767778&RcvdDate=1/5/2017&CoName=DRYSHIPS%20INC.&FormType=SC%2013G/A&View=html
that must be a a really reputable financial firm that is upgrading DRYS based on bogus information.
Only one certain winner of the this poker tournament called DRYS, GE himself, still counting the bagholders, sorry i meant long term shareholders money. which will allow him to buy the nice new ships he will then acquire down the line in lieu of non payment of debt owed to him when DRYs defaults because they spent all their money on the nice new ships
this is not an investment its a crap shoot, with loaded dice. Better odds/returns at the track.
The earning report will IMO not be anything to write home about unless they have secretly been hiring their ships at above market rates they will not be in profit. Sure it will update the cash position after this share sale and give the chance to harp on about the gas carrier deal again, but they are not profitable at the moment have not been for some time.
Looks like the shorts fallacy is being proven, this was a momo play and its running out of steam.Market has this priced about right it belongs in this $3-6 range and unless GE has another Rabbit to pull there it stays.
The earning report will IMO not be anything to write home about unless they have secretly been hiring their ships at above market rates they will not be in profit. Sure it will update the cash position after this share sale and give the chance to harp on about the gas carrier deal again, but they are not profitable at the moment have not been for some time.
Looks like the shorts fallacy is being proven, this was a momo play and its running out of steam.Market has this priced about right it belongs in this $3-6 range and unless GE has another Rabbit to pull there it stays.
Yeah whatever, those traders/players love a good bagholder which is all that will be left here in a few days good luck
Forget about Kalani, they did not buy anything it was a ruse to unload shares, they sold shares on behalf of GE to the bagholders, some before the split and some after. Only traders making money here. Long in the ticker will seriously harm your wealth. Do not ignore this stocks/CEOs history or you will just be holding his trash
They sell
Shares,snakeskin oil and reverse splits. Join the party, but be quick will not last, stock to trade not to hold.
GL
Agree with you , this is no real Squeeze but a MOMO play pumped up by the right financial media types who accumulated near the $2 and fueled by these type of boards. The volume tells you every man and his dog was trading today and yes it went up but nothing like it would if there really was a large short position.
This is a dog and real money will never hold this for long as its a loser long term and the CEO is way too shady.
It may continue to trade higher in the near term if the MOMO remains but if you have 160 million plus shares trade ( over 4 times the O/S) in a day and its only up 100% when there is supposed to be a major short position it does not bode well for a going in to double figures.
JMO
With the volume we have seen in the last 2 days shorts have had ample time to leave, this is MOMO driven from the fact its all over the press adding fuel to the fire and the MMs are playing retail who are buying in to the feeding frenzy hoping for a November repeat despite the fact there 36 x as many shares. This is behaving like a typical penny play with the MM calling the shots and as as soon as the MOMO dies off over the next couple of days so will the PPS. It may well go some what higher but double figures is unlikely unless the feeding frenzy can be maintained, but as people flip for profit new blood will have to be lured in.
Anyone smart enough to have bought in the $2 range are the real winners ( apart from the shorts who mad good money on the ride down). Buying now will not bring large profits
JMO
Looks more like MOMO boys here and day traders flipping this thing, plus legions of november repeat hopers. Not a real short squeeze, 50 million traded yesterday was telling you day traders and momo boys had joined the party. Smart shorts left already. Looks like profit taking from the after hours spike
JMHO
You know how many times i see people have been buying at the bottom and selling at the top, without a screenshot its called being blow hard and this particular page is full of them
I am talking about the mythical November squeeze and comparing the share counts.
The share count in November was around 1 million on that monster run up, after the last split it was over 13 million, plus whatever has been added to since. I would say that is substantially higher than Novembers run. that is my point
I wonder how many times that has been said in the last 2 months LOL, i am sure the shorts with sense have long gone, down at this price risk/reward too low, and like i said lots of shares out there it would seem anyhow.
Plenty buying hoping for a squeeze but you have heard of the saying about getting blood from a stone right. The same applies to this turd
The only think keeping this sham going is all the little pigs convincing themselves that November will happen again so they keep buying this turd, share count is many many many times higher now and likely climbing all the time, may squeeze a little but no repeat of the planned squeeze from November, which was likley caused to allow for this mass dilution since as every one hopes for a repeat. To many people holding bags who nerve will fail before it goes too high and too many bottom feeders ready to flip on a rise.
I will be very surprised if most shorts have not already covered as they have had ample opportunity and the profits now are not worth the risk.
The real questions should be if GE and DRYS sell a story about $200 million
investment through the purchase of common shares, to be taken when the company dictates and over a period of 2 years with proceeds to be used for general corporate needs, why has the SEC not shut this down when there is a fire sale at any price and in the middle of the fire sale a reverse split to double shaft the share holder.
This is now the worst kind of theft IMO, i actually feel sorry for longs as this is now THEFT pure and simple, anyone who has bought in after the last split i have no sympathy for as it was obvious by then it was dodgy and they were just dreaming of November again.
SEC where are you?
Seem to have been banging the same drum for over a month and in that time any longs have lost so much money they will not see it again, The cries of big things coming now seem more out of desperation than fact.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127407954
This stock is a full blown turd, any rise will likely be short lived as history shows and even if a decent squeeze occurs longs will still be in the red.
Sad but true, and the real money makers will be the usual players and anyone lucky enough to have bought in near the bottom.
Only GE and shorts have consistently profited form this TURD as there seems to be an endless supply of lemmings willing to jump the DRYS cliff
JMHO
You cannot blame shorts for the state of this turd
And it has been there for a long long time, longs have just chosen to place hope over reality for quite sometime, the November squeeze was IMO just to lure a few more suckers in to the share fire sale that just took place . This stock has stunk for many many years and the CEO has always been dodgy, why do you think he was in such a hurry to raise the full $200 million when he had 2 years to sell the shares, no flood the market in a few weeks thats always good for the share price and long shareholders right, shorts just took advantage of the obvious opportunity GE had deliberately created.
Longs in DRYS are a bit like people who touch either the paint when a big sign clearly says WET PAINT DO NOT TOUCH Or Warning HOT DO NOT TOUCH. Genuine longs will never ever recoup their losses on the bag of turds the hole is just too deep to climb out of.
JHMO
Why would anyone buy this stock right now apart for a short term flip, PPS to low to short now but seemingly not massive buying interest either, Anyone who has been long on this has ignored more red flags than 10 seasons of Nascar. The CEO is just a crooked turd who has nothing but disdain for his shareholders and the company has milked the longs for over 9 years, it has one orchestrated moment in the sun due to a tiny float after a R/S for a couple of days in November before GE screws his shareholders over a couple of times since.
The company is structured in such a way the GE has total control and that is never a good thing for a public listed stock, he does as he pleases and damn the shareholder.
Is it worth more than the current PPS, perhaps but while every GE is in charge i would not touch this turd with a barge pole on the long side.
Every deal GE does is for his own enrichment, not the shareholder, buying those Gas Carriers with fresh shareholder money is a perfect example, no doubt somewhere down the line GE will get control of them for a fraction of their value as payment for debt he owns.
It just amazes me people are still wanting to be long here based on the history of this turd. So many articles out there even dating back to 2007 warning you this guy and his stock are bad to the bone and bad for your pocket, IMO he belongs on American Greed.
GL here, longs will likely need all they can muster.
Couple of pictures of George at work
Short selling is one of the biggest red herrings in the game, shorts have had adequate item to cover there positions and there are way too many shares available for them to cover with. There is no massive shorting here, its called dilution and people selling because they have lost their ass or have to sell their margin.
Sure some shorts around but no repeat of the November squeeze when share count was a million and the MOMO boys forced it up. Probably close to 20 times as many this time around. Any squeeze will be more of a light press as profit taking botttom feeders will sell in to a rise.
JMHO
Anyone who is still thinking DRYS is a good investment is ignoring all logic and and history of the company. There may be a bounce but by that time all longs would have been burnt badly and will never see their initial investment again, after any bounce the downward trend will continue.
GE is a slippery turd who sticks 2 fingers up to shareholders, that is why DRYS will never pay off long term. He milks it for his own ends. He is judge , jury and executioner at DRYS at that is not healthy
http://seekingalpha.com/article/4038620-dryships-george-economous-new-revolutionary-approach-ship-financing
http://seekingalpha.com/article/4038309-dryships-stock-worst-dollar-ever-spend
So many articles out there telling you this is a turd yet people still buy his Koolaid
They do not have any, that is the point. It was never an investment, they just sold shares on behalf of GE and took a discount as their cut, the $200 million is coming from the pocket of the American shareholder yet again. This was supposed to happen over the next 2 years yet it will be complete in about a month, if GE was bothered about the PPS he would not have been dumping millions of shares on to the market. Kalani was not an investor just a middle man and in all likelihood its was GE all along.
Shorty does not care., he has made plenty out of this turd, if he did not cover last week he deserves to get nailed. Couple of days for the dust to settle and the short can start again.
This stock is nothing but a GE shell game, history has proven this many times over. I cannot get over the number of buyers of this diluted turd over the last couple of weeks, 12000 shares is now worth one come Monday in less than a year and people still think its a good long term trade LOL.
GE uses shareholders buying endless diluted shares to buy new ships and borrow some money off himself at a healthy interest rate as well and then lets another one of his companies manage them for a fee.
This has milked the common holder more times than any stinky pinky i have seen. Where is the SEC to shut this thief down, history tell us more dilution will follow and another reverse will follow.
12000 SHARES BECOMES 1 IN LESS THAN YEAR