DryShips Inc (fka DRYS)

[Net-Man]

TaxiCaT - right now I think there is more money to be made in NMM versus DRYS. DRYS may trade back to $5.50 area again so GE can continue buying back shares. I noticed he hasn't filed a new SC13 D/A recently. So he still has some cash left to buy more. It seems he files only when he gets around a million shares to report.

So my fear with GE is that he will do another RS and drive the price down again so he can buyout the remainder of DRYS for even less than it would cost today. He has never shown himself to care about other shareholders and doesn't understand his fiduciary responsibilities. I don't think he changed his spots just because DRYS balance sheet looks better.

Just the same, I continue watching DRYS and plan to make opportunistic trades.