Posted by: tyrannyoflogic August 13, 2011
What are you buying in this market meltdown
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DRYS was on my friday's list on my blog, a list of smallcaps which got hit hard by the market fall...most of the smallcaps have the same kinda charts right now...it might not go back to where it was but it could get halfway...hoina ta ?
Insiders are buying, hell Warren Buffet is buying...but this might be just the media too ...50-75 cents up on DRYS would be my sell point

"DryShips Inc. (NASDAQ: DRYS) has Thomson Reuters estimates of $0.18 EPS and $263.55 million in revenues; next quarter estimates are $0.22 EPS and $322.18 million in revenues.  Shares are trading around $2.75 and the 52-week trading range is $2.19 to $6.44.  This one is no market mover nor is it a sector mover.  What it is a volatile stock when news comes out and that low price may only exacerbate that news."(source:  somewhere from google finance)

 

just my opinions though
Last edited: 13-Aug-11 11:04 AM
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