Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - Trading The Financial Markets


Reply
 
Thread Tools Rate Thread
Old 11-16-2016, 12:22 PM   #1
Valuist
Registered User
 
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
Dry Ships (DRYS)

Movement in this one has been unreal:

https://finance.yahoo.com/m/03d52544...eality%3A.html
Valuist is offline   Reply With Quote Reply
Old 11-17-2016, 02:27 AM   #2
_______
Veteran
 
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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.
_______ is offline   Reply With Quote Reply
Old 11-17-2016, 10:26 AM   #3
Valuist
Registered User
 
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
Quote:
Originally Posted by _______
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.
Valuist is offline   Reply With Quote Reply
Old 11-17-2016, 09:11 PM   #4
FakeNameChanged
Registered User
 
Join Date: Jan 2010
Posts: 2,176
Financial death spiral. Funny how Cramer used to tout this company all the time.
FakeNameChanged is offline   Reply With Quote Reply
Old 11-18-2016, 10:12 AM   #5
_______
Veteran
 
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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.
_______ is offline   Reply With Quote Reply
Old 11-18-2016, 11:09 AM   #6
Secondbest
Registered User
 
Join Date: Apr 2014
Posts: 1,755
Quote:
Originally Posted by Whosonfirst
Financial death spiral. Funny how Cramer used to tout this company all the time.
He does that a lot.
Secondbest is offline   Reply With Quote Reply
Old 11-18-2016, 03:00 PM   #7
_______
Veteran
 
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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.
_______ is offline   Reply With Quote Reply
Old 11-18-2016, 03:35 PM   #8
lamboguy
Registered User
 
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,657
http://seekingalpha.com/article/4024...ips-name?ifp=0
lamboguy is online now   Reply With Quote Reply
Old 11-19-2016, 04:49 PM   #9
AltonKelsey
Veteran
 
AltonKelsey's Avatar
 
Join Date: May 2016
Posts: 1,831
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,
AltonKelsey is offline   Reply With Quote Reply
Old 11-20-2016, 09:37 AM   #10
FakeNameChanged
Registered User
 
Join Date: Jan 2010
Posts: 2,176
Quote:
Originally Posted by Whosonfirst
Financial death spiral. Funny how Cramer used to tout this company all the time.


Quote:
Originally Posted by Secondbest
He does that a lot.
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.
FakeNameChanged is offline   Reply With Quote Reply
Old 02-17-2017, 05:36 PM   #11
_______
Veteran
 
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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.
_______ is offline   Reply With Quote Reply
Old 05-02-2017, 08:26 PM   #12
_______
Veteran
 
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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.
_______ is offline   Reply With Quote Reply
Old 05-02-2017, 11:31 PM   #13
AltonKelsey
Veteran
 
AltonKelsey's Avatar
 
Join Date: May 2016
Posts: 1,831
Yeah but you cant lose more than 99.999999999999999999% this way, since they never delist.

Where's there's life there's hope.
AltonKelsey is offline   Reply With Quote Reply
Old 05-03-2017, 11:51 PM   #14
AltonKelsey
Veteran
 
AltonKelsey's Avatar
 
Join Date: May 2016
Posts: 1,831
Shame ya'll didn't load up on Bitcoin. See the insanity in the crypto markets?

Logic defies.
AltonKelsey is offline   Reply With Quote Reply
Old 05-04-2017, 05:45 AM   #15
lamboguy
Registered User
 
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,657
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.
lamboguy is online now   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 05:02 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.