DryShips Inc (fka DRYS)

[Burnt before]

I will take the tax accountants advice personally, but its really nickel and dime stuff regarding write offs as you can only offset so much at the end of the day $3k a year, and there is no huge sell off IMO just steady downward pressure as there are no big buyers right now as no one is buying big Georges special brand of management. The guy rigs the game in his favor everytime and you can fool some of the people all off the time, all of the people some of the time but you cannot fool all the people all the time.

At the moment Dryships has some new capital and suffered massive dilution as a consequence but still has plenty of debt, just a few ships left and crappy day rates. Juts a few weeks back it was still selling off its ships at rock bottom prices and now its supposed to be the best thing since sliced bread. Market has this priced about right IMO, it may bounce around $3-$6 but i highly doubt it will see double figures . JMHO and GLTA