Replies to post #51934 on DryShips Inc (fka DRYS)

[tothe]

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.

 
       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?