DryShips Inc (fka DRYS)

[Burnt before]

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

DRYS split history from start to finish, an original position size of 1000 shares would have turned into 0.0833333333333333 today.

$10k invested 10 years ago would now be worth 22 cents. longs will never recoup their losses

This stock is a day traders Algo toy right now and the big gains were a few days back when it was actually oversold just before the Announcement of the end of the Kalani dilution. The hype surrounding the early earnings is just that hype, All of Drys earnings are on the spot market ( which has not performed well) and they have ships tied up not earning at all so do not expect big numbers. yes they have fresh bagholder money after Kalani but if they spend it all on the Gas Carriers they will be back in GEs pocket as he holds the debt and will take those gas Carriers back in a blink i am sure.

Flip it do not hold it is my advice, long is most certainly not strong on this turd