Posted:
#1
It's time to hop aboard (no pun intended) this shipping stock!!! Let's do this!!! I got back in at 3.55!! Where are u WSC?!? I know you are out there!!!
DRYS Stock
Posted:
#2
Hey Hat..
I dont know about DRYS down here, I did buy some when it was under 2 and sold it for a nice gain, but I think they have too many shares and I just read he shelved another potential offering..probably because the market is saturated..but it means he is considering doing another shelf and that means more dilution.
Rather than DRYS here I would rather own ORIG which is George's cash cow oil rig subsidiary..which he was supposed to NOT sell and give to shareholders, but he did not.
I think rates are not going to run too much, the world economy is too slow and prices for ore etc are too low. I would buy back in again if she goes under 2...
on like over 5 years ago
Posted:
#8
Here is the problem- the stock was trading at 1.53. You bought it at 3.55. You broke the golden rule to buy on the dips and sell into the rallies. You may get another 10c out of it, not much more(if you even get that) before this tanks back under 2.80.
Buy on bad news--sell on good news- buy the dips, sell in rallies. Never under any circumstance become overcome with emotion of any kind. It is much better to miss out on a stock than to get in late and get caught with your pants down.
Buy on bad news--sell on good news- buy the dips, sell in rallies. Never under any circumstance become overcome with emotion of any kind. It is much better to miss out on a stock than to get in late and get caught with your pants down.
Posted:
#11
Quote Originally Posted by AlphaandOmega:
I just got my 20k share short order filled at 4.15! Thanks for the easy money!! I will cover my short below 2.80!
I just got my 20k share short order filled at 4.15! Thanks for the easy money!! I will cover my short below 2.80!
Come on, you can spare the tout talk here, nobody thinks you are short 40-60k in real dollars on DRYS.
I know the short requirements for a stock under 5 and this one in particular are higher than average..but you can relax on the heavy lumber..nobody cares.
Posted:
#12
DRYS, now that is a flash from the past
I had to pull up my brokerage account just to check out the records on this one. I actually bought this pig at $92.30....and again at $73.44, and again at $59.20, etc.
An expensive, but worthwhile lesson as it shaped who I have become as an investor. Fact check. Do your own due diligence. Understand what you are investing in. And above all, stay away from random stock tips on a gambling website
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