DryShips Inc (fka DRYS)

[Burnt before]

Yeah the deal is awesome, for GE. Taking the o/s from 1 million to what will obviously be over 100 million cannot be viewed as anything but negative to a share holder despite the Gloss of the gas carrier deal. I have seen all kinds of price predication's here over the last 6 weeks, all have proved to be hopelessly optimistic and will likely continue to be so, no short squeeze here as it seems GE is determined to get his $200 million ASAP whatever the PPS is. There will be be a very large O/S at the end of this exercise and shorts can cover any time they want.

Anyone who views DRYS as a good long term investment is ignoring the evidence of the last 9 years of taking shareholders for a ride. Its a short term trade, go long and go broke as you pay GEs bills for him.
JMHO