Dry Ships (DRYS)
 

Movement in this one has been unreal:

https://finance.yahoo.com/m/03d52544...eality%3A.html

They have a million share float and volume is 12-14x that on a daily basis. It's musical chairs and you don't want to be playing when the music stops.

The fundamentals are BAD.

I'm not advocating buying it. Due to the parabolic nature of the rise, it looks like a short candidate.

Financial death spiral. Funny how Cramer used to tout this company all the time.

With the recent run up, it's now lost only 99.97% of it's value from 3 years ago.

The only people who can feel comfortable about buying and selling this stock are those who view it as a blip on their computer screen that moves up and down. If you look at it as a business, it's radioactive.

He does that a lot.

I can't imagine having owned this stock over the last few years. 3 reverse splits to avoid de-listing that are cumulatively 1 for 1500 and now they are going to massively dilute those remaining shares.

If all the warrants being issued wind up getting exercised in the deal just announced, today's current shares will be just 1.6% of the total float.

Lots of folks left holding the bag on this. Halted at 115, open two days later at 50, closed 11 and change.

Now thats entertainment,

Quote:
Originally Posted by Whosonfirst
Financial death spiral. Funny how Cramer used to tout this company all the time.


Or better yet, Jimmie used to have the CEO of Chesapeake Energy on his show multiple times pushing his stock. Then Aubrey McClendon drives his Ferrari headfirst into a bridge abutment during an investigation. They're sitting at five bucks right now.

Announced after market today they are issuing additional equity again to pay down debt. $200 million.

It's not going out on much of a limb to suggest another reverse split is in the offing as the new shares come onto the market to keep the price above $1.00.

Reverse split 1 for 4 shortly after this post. Just announced a 1 for 7 split today.

I know no one was touting this one but it's an example of how far south you can go trading near penny stocks. You are now at 1 for 42000 shares since they started this circus.

Yeah but you cant lose more than 99.999999999999999999% this way, since they never delist.

Where's there's life there's hope.

Shame ya'll didn't load up on Bitcoin. See the insanity in the crypto markets?

Logic defies.

the markets have a june rate hike priced in at over 90% now. for whatever reason bitcoin has gone to the moon while gold has taken it on the chin. at very worst the metals sector should have a decent bounce in them for now. i play junior miners, my 2 favorite right now are MUX and KLDX. they should both have at least a 20% bounce in them from right here.