Okay so I found something VERY interesting with GRVY and DRYS. Look at that big spike on the earnings announcement day for GRVY. Look particularly at the first two days. Look at exactly how the candles are formatted and look at the volume. The stock goes really high on the first day but closes under it's high. The second day, it goes up and below it's closing price but with less volume overall. It's almost the exact same thing with DYRS. Here's a chart for GRVY: s3.amazonaws.com/tradingview/snapshots/1/1wxwpMPi.png Basically, I think based upon GRVY's performance after the spike, DYRS has some upwards potential. Comment and let me know what you think and follow for idea alerts!
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Also, in the article and title i said DYRS i meant DRYS. sorry bout the confusion!
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I love it when im right. especially when im right this big. happy trading to those who got in this stock because it's up 60 percent. mazel tov!
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Tintin101
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Happy New Year. Do you have any more updates on DRYS?
SlateTrades
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Jackieboy you are the best man ever i am so happy for that call on DRYS u r amazing man
I disagree, I believe DRYS is done closing positive. Can never be sure, but most probably this will trade sideways/down now. Let us see what happens.
poorguy
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@poorguy, or rather it won't hold the moves upwards like GRVY did. So, I suggest not buying in and chasing it. It may spike Mon morning a little, but won't break highs.
jackieboy
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@poorguy, Totally respect ur idea. but according to wall street journal, this stock has 15.65 milllion shares outstanding yet only 368,835 are in the public float. so being an extremely low float stock, any buying pressure could greatly bump up the price, just like GRVY (it was also a low float). Either way, we don't know till we see what actually happens. i could be totally wrong. Thanks for commenting!
poorguy
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@jackieboy, hmm, DRYS only has 1mil outstanding (from multiple sites). Not sure where wall st journal got that number. Yes, the pump is unreal. I wouldn't be surprised investigation ensues and stock is halted indefinately...no stock has gained 100% everyday on a actual exchange in a long time
poorguy
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@jackieboy I mean just look at the volume last 3 days
poorguy
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very fishy considering they reported $7 loss per share when other other stocks tank/gain reporting per share gain/losses in cents
jackieboy
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@poorguy, was it a beat? maybe the seven dollar loss is better than previous quarters