Replies to post #40679 on DryShips Inc (fka DRYS)

[dave2808]

we know the O/S is at least 28 million now.

[RedHerring]

Europides90,

It appears Lonewolf is correct about the bid wall. And it is indeed down 30% from the Friday bid wall of a $1.33. Outstanding share count as of the 6K Friday after the close is approximately 16 million shares. The bid wall is a low risk calculation due to the fact that every single long is waaaaayyy under water thus no risk of profit taking. I think Lonewolf has this call nailed.....it is a high risk trade.

[Lone Wolf]

Because any institutional investors will be letting go of shares below $1 and most retail now know not to touch this one unless they simply like losing $$.

Also, it's pretty evident the next RS is just around the corner. I'm actually surprised they haven't announced it yet.

[akika]

Ima right, deem afi bleat shareholder evry day. Deem afi pound evry day.

[Giovanni]

the trend is your friend

Why do you think down-30%-Wed. IF hard-to-find-shares-to-short?



Also company will likely try to intervene to hold above the NASDAQ buck mark, it'

r u serious?