Saturday, September 02, 2017 11:32:09 AM
If you have a 2 million dollar margin account your broker may reduce your commission if you short DRYS.
Shorts had a big squeeze in July so they are trying to initiate a class action for a back door recoup and drive DRYS into the ground with the bad publicity for a win-win. 'Sigh', possibly fake media will help with price erosion.
Anyhow, keep an eye on this ticker as it is now being grossly oversold. So during the low volume walk-down look for a high volume turnaround for the bottom to be your confirmation for the up-trend. Look for a "U" or "cup" to form in the volume bar stack can be one signal.
Baltic Dry Index: (what real investors look at) A 3 to 6 month leading indicator. So looking at this DRYS must have had a lousy reporting Quarter because it stepped into the deep shit on one of the dips?
Shorts had a big squeeze in July so they are trying to initiate a class action for a back door recoup and drive DRYS into the ground with the bad publicity for a win-win. 'Sigh', possibly fake media will help with price erosion.
Anyhow, keep an eye on this ticker as it is now being grossly oversold. So during the low volume walk-down look for a high volume turnaround for the bottom to be your confirmation for the up-trend. Look for a "U" or "cup" to form in the volume bar stack can be one signal.
Symbol: DRYS
Availability: 1'000'000
Exchanges: NASDAQ
https://www.interactivebrokers.com/en/index.php?key=drys&cntry=usa&tag=&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1
Shs Outstand 31.86M
Shs Float 31.55M
Short Float 15.00%
http://finviz.com/quote.ashx?t=DRYS&ty=c&ta=1&p=d
Baltic Dry Index: (what real investors look at) A 3 to 6 month leading indicator. So looking at this DRYS must have had a lousy reporting Quarter because it stepped into the deep shit on one of the dips?
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
