Posted by: Nepali_American August 14, 2011
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Thanks O and T for your inputs.
I agree, DRYS was in some ways rather impulsive move on my part. Heck at $2.72, the upside looks more likely than downside. Median forecast puts it at $6 even, whopping 120.6% jump. Oh well, let's see how it sprints ahead.
Talking about sprints, as A above, I too am considering to put some mulahs on Sprint. Their last quarter's numbers were terrible and it seems they might have to plunk in whole lot of change to keep their partner, Clearwire, above water. But how much lower can S go from the already low $3.20. Chances are Sprint will be bought out and whoever buys them out will probably pay a premium, so there is some money to be made on this stock, imho. But I will probably put my limit order entry point to around $3 because next week might be just as volatile as last.
I agree, DRYS was in some ways rather impulsive move on my part. Heck at $2.72, the upside looks more likely than downside. Median forecast puts it at $6 even, whopping 120.6% jump. Oh well, let's see how it sprints ahead.
Talking about sprints, as A above, I too am considering to put some mulahs on Sprint. Their last quarter's numbers were terrible and it seems they might have to plunk in whole lot of change to keep their partner, Clearwire, above water. But how much lower can S go from the already low $3.20. Chances are Sprint will be bought out and whoever buys them out will probably pay a premium, so there is some money to be made on this stock, imho. But I will probably put my limit order entry point to around $3 because next week might be just as volatile as last.