DRYS

I know this was a hot topic a few months back, what are your thoughts as this dives back down under $7

There is plenty of time to get back into DRYS.

The real action starts next year when the drill business starts to heat up.

Notice that now HALF of their revenues comes from the drill side, and they have four more to come by 2011..plus the shipping business, all which is profitable.

DRYS is very undervalued.

I'm really thinking of buying in, especially if it gets below $6.

I sold out of SPNG a few months ago at $0.23 and sold out of CAR last week well above $11


Bought into GE & NTGR about 2 weeks ago...looking to branch out some more as this rundown continues towards 9k

I dont like GE at all..not at all.

So did you have a stop in on CAR? you better have and good job getting out.

Nope, no stop on it...just for some reason was feeling a fall in the market...and decided to take my what 1200-1300% gain?

The GE & NTGR purchase was my Dad, trust me...tried my best to talk him out of it....but he's a stubborn ass at times.  So didn't heed my advice.

I'm actually a few weeks from moving down to Arizona in an attempt to gain admission into The Golf Academy...so I'll be trading for the next 3 weeks or so during the day. Tryin to hit some nice pops...make a couple G's for some furniture purchasing in the new condo down there.

i just bought into this for 500 shares today after the retracement

i think any drop to this level, or below, is a great entry point

diluting shares again my guess-wait to buy,I made out great 2X on drys this year

George is not to be trusted.  I held DRYS for the longest time and was happy to recoup 80% of my original investment.  I got out and never looked back.

Not saying that DRYS won't turn things around eventually but that huge bloated floated now will weigh things down.  So you need to reset your expectations of where that stock is going and hope George doesn't continue to issue shares.

I'm not concerned about the 1-4 month outlook at this point...I'm looking 6, 12 , 24 months down the road.  My dad got into GE, and I'm not too fond of the buy as I think there's more potential gain in DRYS in the long run.  I don't mind his NTGR purchase as their big time in the internet world...and he can easily see a nice return on that.

But DRYS was once a $120 stock...even half that...and he'll get a nice return...and on the amount I'll have him buy in for...$50-60 range would be beautiful.

So can it happen?  Does this stock reach those prices at some point in the next 2yrs as the economy turns around and shipping picks up steam...

I think it will take a long time for people to realize that what they consider normal was a huge bubble. And shipping was a big beneficiary of that bubble.

 There is a reason why any stock that was  $120 is now what $6??

 I am in the camp with Holdem...no way I would trust that cozy corporate structure or the guy running DRYS. That was the worst purchase of my trading/investment life.Glad I got out when I did, and it has the downward pull of a black hole.

  That being said, deepwater drilling will be lucrative in the future.But that stock is not the stock I would trust in that arena either.



 

 PS

 I agree with Wall on GE...

 But hey, given the absolute crap that has floated, who knows. At least GE makes things that will be mandated into profitability, so maybe it offsets their financial "assets"...

KBrick,

The stock will never get to 120 again unless George buys back a ton of stock and brings the float down to where it was (50M shares or so) they were forced to dilute at horrid prices during the crash..the float is a monster.

Ya I don't think it ever see's 120 or close to it, but can it see $50-60...if so any purchase at $5-6 is worth that risk.