Dry Ships (DRYS)

[AltonKelsey]

When SFOR goes back under 1 cent , will you be buying more?

[lamboguy]

Originally Posted by AltonKelsey

When SFOR goes back under 1 cent , will you be buying more?

i am focusing more into the 2 gold mining stocks i have mentioned now. i am probably going to wait it out on SFOR as still have some shares. those other things look like they are getting ready to move. the miners probably need the S+P to blow up to get the big move though.

[_______]

Great list of rules with detailed explanations for anyone wanting to spend the time and effort that investing requires.

I think many who post here are speculators and I have no argument with anyone who likes to gamble a little.

But this is what I strive for:

http://doc.xueqiu.com/144f411d2a6183fee68c4a0e.pdf

[reckless]

Thanks for the link, Don. Good stuff.

[_______]

Originally Posted by _______

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.

This stock has been doing GREAT! They made it over 2 months without reverse splitting.

Until today.

One more 1 for 7 reverse split. So one share afterwards represents 294,000 pre-circus shares.

I don't usually make short recommendations but the Kalani deal means more post split dilution and, inevitably, a sinking price until they reverse split again to avoid being relegated to the pinks.

Wheee!

[Parkview_Pirate]

Originally Posted by _______

Great list of rules with detailed explanations for anyone wanting to spend the time and effort that investing requires.

I think many who post here are speculators and I have no argument with anyone who likes to gamble a little.

But this is what I strive for:

http://doc.xueqiu.com/144f411d2a6183fee68c4a0e.pdf

I would agree that "value" investing is hard work, and goes against the grain of many players in the markets who are looking to make a quick buck.

I would argue that "value" investing is difficult in an era when mark-to-market rules have been suspended, and 10Ks are often works of fiction with more in common with Gone With The Wind then a financial statement for a corporation. It ain't the same game any longer.

And shipping is an interesting sector - could be the canary in the coal mine, since when a rising tide lifts all boats, a falling tide must....

[_______]

Originally Posted by Parkview_Pirate

I would agree that "value" investing is hard work, and goes against the grain of many players in the markets who are looking to make a quick buck.

I would argue that "value" investing is difficult in an era when mark-to-market rules have been suspended, and 10Ks are often works of fiction with more in common with Gone With The Wind then a financial statement for a corporation. It ain't the same game any longer.

And shipping is an interesting sector - could be the canary in the coal mine, since when a rising tide lifts all boats, a falling tide must....

I'd argue that timeline is the only metric where a retail investor can possibly have any advantage over the pros. No one is checking my quarterly returns and comparing it against others. I don't have a bonus riding on the next 3 months. I can have the patience to hold an undervalued company (that pays a dividend) until the inevitable long term weighing mechanism of the market overcomes the short term voting mechanism.

I've held BA since early 2014 when I bought it because the way they were doing the accounting on the 787 guaranteed that FCF would accelerate once costs were paid off. It was essentially flat for 2 years until suddenly the weighing mechanism kicked in. Looking back, I love all those rebuy's the dividend gave me at a much lower basis. And I hope the stock pulls back now. That's the perspective a pro can't afford.

I wouldn't analogize DRYS to shipping in general. It's bordering on criminal what is happening to anyone who jumped into this stock. They are an actual company with a business but the shenanigans regarding the stock is just ridiculous.

[Camkid77]

Originally Posted by lamboguy

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.

FANG is the best stocks now..

[n.c]

you might get 1 or 2 big moves, in a few days, when the market is in a uuuuuuuuuuuuuup trend,but majority of the time, you will get burned.
then you will be stuck, and try to avg out, buying more and more, at a lower price,,, then eventually you will sell and take a write off for the next few years, $3000 a year

[BaffertsWig]

DRYS announcing earnings AH today I believe...

[BaffertsWig]

opened at 3.47 today, closed at 3.04, and is currently 2.28 in AH. SEC subpoena for documents related to offerings between June 2016-July 2017

[_______]

Originally Posted by BaffertsWig

opened at 3.47 today, closed at 3.04, and is currently 2.28 in AH. SEC subpoena for documents related to offerings between June 2016-July 2017

https://seekingalpha.com/news/329277...rts-q2-results

The SEC probe might not be the entire issue. Mind you, I'm all for investigating the shareholder dilution that occurred so the company could buy ships from the CEO.

But the $37/share loss reported in the after hours earnings probably contributed. How a $3.04 stock only declined 20% on such a horrific report is the puzzler. I assume all the reverse splits they've done has f'd up the reported numbers. It just doesn't make sense that a $3 stock can have a $37/share loss but there it is.