Higher highs should now generate higher highs so continuing to hold the lotto ticket bought in DRYS at 1.79.
6/13 DRYShits update DRYS
7 years ago by joejustjoe (48)
$0.08
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Update on DRYShits. In a previous spew I said there was a possibility DRYShits would come down and take out the 1.76 low that was previously set. It did that today, plus generated a new short term buy signal, plus set DRYS up as not only a short term confirmed bottom but a long term confirmed bottom. If there is one ticker to be long right now it would be DRYS imo.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=drys&x=54&y=17&time=3&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
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Hmmmm did you see DRYShits hitting 1.44 this morning. Ouch!
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oops DRYShits printing 1.34 now how low will she sink?
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ut oh there's the news another reverse split. OUCH@ 1.25 how to lose 50% in a week?
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Yep, gapdown on news creates more "wait n see" but still worthy as a lotto play. I'll buy every confirmed bottom until I get the shipping container I'm after in the bankruptcy courts. It's not an "add to" position yet and if the shorts decide to get paid it will rally to at least the 1.79 buy point. It won't be an "add to" today and I doubt the general market generates a short term sell today either. There shold be some good choices for weekly expiry tho. I haven't played one in awhile. :-)
Never buy a gapdown or a gapup move becuz you will likely get your chance to buy at this price again if DRYShits rallies first.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=drys&x=48&y=20&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
If it keeps hanging near the 1.20 area or moves lower it will likely mean it goes down to like .50 again.
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6/19/17 DRYShits update. News driven gapdown leaves a new target low of 1.18 and it might still be going lower. Not yet time to add to this position.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=drys&x=52&y=11&time=3&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
On "damage control" until furhter notice but sell any short covering rally thru 1.79. I'll update if that happens.
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6/25/17 DRYShits update: After the news release about share dilution sent DRYShits into another gapdown wave of selling it "finally" looks like it has established a place of rest anyhoo. It now has a "future" date with sub $1.50 but I will use any area that sets up as a short term bottom to add to my position in an attempt to beat this thing over time. The rally I was in that took it from a split adjusted sub $1 to over $100 took about 6 months to materialize and I failed to add at the low that time. We'll see if it happens again. I will post any new add to at either this bored or a newbie DRYShits bored.
Forgot to log the price 2.45...ish. The chart already posted previously should be a "live" chart.
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7/3/17 DRYShits update: Once again DRYS had it self on teh brink of a new buy point into Fri but totally fukked it up. There was no new add on current holdings simply because it never generated the short term buysignal and that's what I wait for. I have missed many trades waiting for signals. This time it worked out in my favor. DRYS is looking more and more like the shorts will wait to get paid "after" the official bankruptcy announcement. It's got a date well below $1 in its future. The future might be now as this is "highly" abnormal as far as far as "accelerated" drops go.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=drys&x=49&y=16&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
The trendlow actualy came in higher than the "actual" low but it could be extended downward further. Usualy a chart pattern like this results in an immediate rally. Not so sure about DRYS cept to say I would be a seller on rallies now.
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8/8/17 update: I haven't updated DRYShits for quite some time...simply becuz there was no reason to as it continuously gave off signals of looower prices forthcoming. It is now signaling a short term sell here as it trades at 1.40. I still rate this dawg as my #1 long term buy and hold play...at least until CLDX reports after the bell today. My next buy target for DRYShits is going to be well below $1. But the way this thing moves it can get there in a hurry. Hopefully the 1.88 upside target still visible on the stays unscathed by a further move higher.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=drys&x=33&y=6&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
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