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View Full Version : DRYS ... nice eight month ride!

Mojo
10-30-2007, 03:35 PM
Time to get out was at $128.79

DRYS's Charts :idea:here (http://img.imageloop.com/slideshow/402674a7-c85c-1aa3-bcac-0015c5febdc7/content/b02a7f6c-8753-17cc-9c23-0015c5fd2ed5_1193772744163,rh750/image.jpg)
pa-sale
10-30-2007, 04:15 PM
talk about OUCH today.. i am not in this stock, but felt the pain just looking at the chart.
Mojo
10-30-2007, 04:27 PM
talk about OUCH today.. i am not in this stock, but felt the pain just looking at the chart.

At 4:29 PM
New crossover on the 2nd chart .....that is not good short term, unless you have shorted this one today! 8)
Imperator
10-30-2007, 04:31 PM
I bought in at 118, and then sold it at 110, only to see it go back to 120 that same day. The stock is wild... wild I say!
Mojo
10-30-2007, 04:45 PM
I bought in at 118, and then sold it at 110, only to see it go back to 120 that same day. The stock is wild... wild I say!

That was a pivot point ....but it has to say over it. On a day like this it is best to buy at the end, or the next morning. :idea: This is the 2nd test of the bottom...like on 10-22-07 and I do not think we will see 103.46.

Good luck!
BuyOnDips
10-30-2007, 04:59 PM
Many in the shipping sector got hit today. Ouch!

http://finance.yahoo.com/q/cq?d=v1&s=drys+dsx+gnk+tbsi+nm+egle+qmar+exm+esea+

I didn't see any downgrades. Just an article by Motley Fool.
http://www.fool.com/investing/small-cap/2007/10/29/dryships-is-haunted.aspx

Maybe it was a good time to take profits. Those stocks had awesome runs.
Mojo
10-30-2007, 05:17 PM
Many in the shipping sector got hit today. Ouch!

http://finance.yahoo.com/q/cq?d=v1&s=drys+dsx+gnk+tbsi+nm+egle+qmar+exm+esea+

I didn't see any downgrades. Just an article by Motley Fool.
http://www.fool.com/investing/small-cap/2007/10/29/dryships-is-haunted.aspx

Maybe it was a good time to take profits. Those stocks had awesome runs.

I would think the one from Motley Fool would get people to think a bit more too! Price to book....7.2 we moved that down a bit today.:lol:
Imperator
10-30-2007, 06:19 PM
If I see this stock get near 100, I will definately think about getting back in.
BuyOnDips
10-30-2007, 06:50 PM
This article explains the drop.

http://www.forbes.com/2007/10/30/drybulk-shipping-diana-markets-equity-cx_ra_1030markets41.html?partner=yahootix
clavocat
10-30-2007, 08:26 PM
I'm in, still up, wild it is and I think it will regain half the losses tom. jmo