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No one can get emotional atm, if we have seen anything today it's shorting on spikes and slow dribbles back down. I am bullish on DRYS but atm bears have not covered enough to buy this thing up. It hasn't moved much and it's steadily under $5.
Yeah the deck is stacked against retailers, there's nothing you can really do but go long and try to not watch them make(ruin) the markets.
I honestly wouldn't be surprised if bears have been naked shorting this thing, in conjunction with dilution it's a perfect storm for them.
yikes the bears look like they're controlling it because there's literally no buying volume. I am staying in as long as this holds 4.75. So sad if it breaks that. It's almost if they're trying to have that happen so weak hands sell out.
Where art thou bulls????????????????
I mean the RSI is slowly stooping towards oversold, and the bears and willingly pounding it down. Bulls have totally let it slide with no buying power. Wondering if they are doing that on purpose to let the price drop so they can get cheaper shares?
Bears are doing a good job right now keeping it under $5. Bulls have seem to gone away as there isn't much buying power. This is only the first 30 mins of course. We will see more waves.
cmon shorts cover already and let's have some fun.... :]
I'm not into watching other people suffer for their decisions. If you think DRYS is going up or down, either way be safe and plan an exit strategy. If you are on this board bashing DRYS, talking crap and shorting only, be prepared for a squeeze....
Large short covering tomorrow if this pushes close to 6$, and then possibly a squeeze after that. If the rise is false and there's weak buying tomorrow I see shorts continuing to push DRYS closer to $4. ihub has DRYS's float at 5.5m which isn't very high. There will be pain tomorrow.
Are people thinking since Morgan Stanley released their 6% stake in DRYS, it'll give others the confidence to buy shares and drive it up a little?
hope that was the beginning of the short squeeze :] but it will mostly likely be shorted down again. Every spike is shorted.
I think it will happen sometime this week. It won't be anything like November but it could run up. With dilution though happening atm, it will be harder for this stock to run. Shorts are still in control as we speak and may be for a few days. I would be happy if it goes over $10.
Yeah but they MM's keep switching it all around. It will move up a tick and then tons of shares will appear on the ask. Like now there's tons of shares on the ask at 4.61
idk there's such a huge block atm at 4.60, the frenzy won't really begin until short covering starts. DRYS still looks like it's being shorted heavily enough to keep it down.
Before the shipping chaos on the week of Nov 10th, the bottom was $4, now after DRYS came down it bottomed a little over $4 and since then has been in between $4.5-6. I would say shorting near $4 is a bad idea atm as shorties will need to cover when they realize it doesn't have much more room to go down. Idk how far up it'll push but I don't see it going under $4.
If you count the short volume starting from Nov 28(Monday last week), there could potentially be over 21m shares short. Now some have covered already obviously but that could leave a fair amount of shorts out there. 3 month vol is 4m and 10 day is 18.5m. I am going to assume volume will end up under 10m today and continue under that until there's a breakout. Which would mean shorts might have 2-3 days to cover.
http://nakedshortreport.com/?index=DRYS
It's already been consolidating. It could for a few days more, even if it doesn't need it. I think once shorts cover it'll run, until then shorts kind of have control on this stock. They are at least keeping it at bay.
here at some random NSDQ blocks on the L2 on the ask.
NSDQ 126k @ 15.00
NSDQ 66k @ 10.00
NSDQ 19k @ 50.00
NSDQ 14k @ 60.00
NSDQ 10k @ 78.00
NSDQ 32k @ 100.00
Shorts are still winning but shorties must all cover eventually. It will be sometime this week and DRYS will be able to move up some.
Over 38% of shares were shorted on Dec 2. Not a good sign for the shorties considering it also closed up 9.69%. Could be a short squeeze coming if the shorties can't short it down and the price continues to rise.
link for shorts- http://otcshortreport.com/?index=MCOA&action=view
I mean when Trump gets into office, things could blast up or shoot down. I wouldn't hold this stock for too long personally. If the economy enters a recession in the next year or so, shipping stocks will be hurting. Until then I think a short term play on this stock looks good. It could still be good long term I just foresee volatility and uncertainty. DRYS has been shorted to hell recently and possibly naked shorts, who really knows tbh, the float seems so low. Then again the o/s has increased which is probably providing shorters with all the volume. I see a run next week, though it may not go far because of dilution and shorters.
Does anyone think the owner would take on the company's debt of 154.5m, and personally take on 85m of it , if he didn't think the stock would rise long term? The answer is no. This may not hit $100 again but it will go up some.
inb4 halt and resumed trading straight gap up to $50 :]
ayeee :]
Well maybe yes maybe no. You were watching the stock, in front of your computer ready to make a buy, so you did everything to set yourself up for a good buy.
It will need to blast through 4.88 if it wants to take off. Atm there's a block at 4.85 but it's not that big.
IN at DRYS at 4.81, looking a good power hour close, and Monday then should look up.
huge block of 43k shares selling at 4.88 of course, shorts don't want this thing to take off just yet.
My guess is around 4.35$, about where it bottomed out last week. And I believe DRYS will be shorted for one more day (Monday) and then when the price is just too low and covering will happen, there will be a squeeze and a run up next week.
Thanks, I had been to this site before but I forgot that it's not just for OTC stocks >,<
Do you know of a site that posts short interest each day?
We both know DRYS bottomed around 4$ so I would consider loading back at this level.
Personally I think DRYS has been shorted heavily yesterday and today, so I think it's due for a squeeze. Bottom should be around $4.3 or $4.
Feels like DRYS is being naked shorted to death atm..
I use etrade and it still says 1.1M shares outstanding.
I mean if you held long term, you would most likely make profit. Curious as well how do you view/find intra-day short interest? I cannot seem to find the information anywhere >,< I use Etrade pro.
For those curious about O/S I believe this may answer some questions. At the bottom it explains with numbers what the O/S could look like at different PPS.
www.streetinsider.com/Corporate+News/DryShips+(DRYS)+Announces+Conv.+Preferred,+Warrants+Registered+Direct+Offering/12261437.html
Well now that the debt issue is cleared, insider buying occurring, this should slowly start to rise. Stock dilution could hinder its growth a bit bit. We have seen $100 from this stock recently, so it should be able to reach at least hit 25$ again if not $50. I just do not know the timeline for it but I would say longs are fine. This depends on Trump making decisions affecting shipping stocks and also how the economy is in a year or two.
I don't see options trading for DRYS at all...where are you getting this info from?