Posted: 12/16/2011 12:55:49 PM
QUOTE Originally Posted by KBrick84:
Wall - What's your outlook on DRYS? I know this was talked about awhile back, but since the shipping industry has been shelled. It's a $2 stock right now, just curious if this may be worth a small investment.
Yeah I have some in the 2.20 area..it is a high beta stock, huge oversupply in the sector but I think longer term it will be a nice return if George stops floating stock.
I've lost on it of course but it isnt my only holding and I am not going anywhere, so I nibble on weakness and sell on strength, try to get it back slowly.