chartwatchers
Long

DRYS - Let's go for shipping!

NASDAQ:DRYS   DRYSHIPS INC
775 14 20
If oil             had bottomed then shippers will start to rally also.
This is one of them I'm watching for a while. It is now tagging the 10 EMA .
It was 120 $ when oil             was shining. If the oil             bear ended it could rally 1000-2000%.
Not an all in trade but it can run up to 6$ or 9$ easily.

We are runnig out of sellers. As oil             finishes this small decline it will start to run again.
Comment: DRYS was a buy yesterday. I think we will rally today.
Comment: It seems to be starting finally.
snapshot
Crazy run! Any suggestions now? Thanks
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Hi Arpi,
If you have any quick thoughts from your experience on the collapse of this one that would be good to hear. Possible likely over-reaction today or is it better to sell ASAP? Many thanks. MC
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Could you give some look on this SHIP? waiting to go for shipping. Thanks Bro~
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This stock depends mostly on oil price, right? it needs a bullish oil in order to fullfill the trade...
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do you think this is still a good buy? or is the rally done?
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chartwatchers PRO learningtotrade
STill good. The price is lower now when I posted it.
Yesterday or today was the best price to buy...
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chartwatchers PRO chartwatchers
Yesterday was or today will be the best price to buy
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StevenBerube chartwatchers
I went long this morning on this and after a 10% gain the after market lost 36%. What would you do ? hold my position or sell everything first thing in the morning?? Thank !
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nice advice! unfortunately i thought i could still enter today before market opened to profit from the follow up, but it opened with a positive gap (there i got my position) and started the decline and i was out at the SL.
learning every day more, thanks!
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you know what happend to drys on 4.1.2016? they dropped from about 100usd to 3,55usd?
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