DRYS Stock Run Continues
Posted on Sun 18th May, 2008 03:21:15 PM
Dryships (DRYS) has not slowed down since it hit my buy point of $88.20 on May 2nd, closing Friday at $110.74. View the original Dryships stock breakout.
This puts DRYS up 25.6% in only 11 trading days, an impressive feat.
Looking ahead the drybulk commodities shipping trend should only continue to escalate into epic proportions. Stocks like GNK, TBSI, and EXM will come back down in price, and I will be looking for further entry points.
More on this topic
(What's this?)
Sold DRYS Naked put
(My Trader's Journal, 6/11/08)
Closed June DRYS “Insurance” Put
(My Trader's Journal, 6/16/08)
Dry Ships struggles with earnings
(The Shipping Stocks Blog, 10/27/09)
What do you think about ESEA?
I think you found yet another great play on shipping
The whole group has performed extremely well. And, the recent pullback yesterday and today is only IMO going to serve as a great buying opportunity.
Blain