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I may, I just have to take a look at it....I have wandered away for a few days. You know, Tripps, Monday we will start with a low market and will be below the 8000 on the dow out of the gate. So I will pick up the remainder of AIB that I am buying. A total of 100 shares. I got 30 today, cause that is all the money that was in my account that has cleared so far. I will just sit on that stock and the rest of them and just leave them alone, like forever as far as I can see.
Then tonight and this weekend I will start searching for some new stuff. The market is so low right now and it always returns above 8000. When it pops back up then everything will look really nice. What do you think?
If I could just wave a wand over SIRI and make it pay, it would be really nice and would take a dent out of my portfolio. Bet you never heard that one before, haha
But I will be looking at DRYS tonight and some other stuff.
I saw this day coming and it was clear as a bell. Now I have to figure out what to do next.
Are you thinking about DRYS?? I love the whole concept of DRYS. If you get it while it is down and relatively cheap...when things start moving again..it will pay LARGE! I think I will take a good look at it later this evening and then we can talk about it with a more educated background....
AIB is climbing as I speak in AH.
Be back a little later.....I have to hear about Tony's shopping experience, lol
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yea i freaked out in opened a scottrade account so i could get the funds asap, only problem is i cant buy anything under 4.00 with it till teusday, so im going to be watching dry's closely monday morning as im going to use my scotttrade account to try to make a couple bucks day by day rather than buy hold, im going to wait till its obvious dry's will pop again im gonna try and buy and sell the up's and down's which this stock seems to have alot of them. What do you think will be a good entry price, do you think 4 dollars is coming? volume is starting to headupwards again i think monday will be a big clue.
check out this site these guys have been right on the money with this stock i might follow their cue as to when to buy.
http://www.americanbulls.com/StockPa...ker=NASD&TYP=S
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Now you have me peeing my pants! Do you subscribe to this?
I just threw more money in my account after reading that. Hope it doesn't pop till Tuesday.
I am going to do some chart analysis on it this evening.
Be back.
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i dont know where i ran into it but no i dont subscribe to it but i will be paying it close attention. I set a limit buy for 4.50, heh will see what happens, if volume is huge and it start moving up i might be at a higher price.
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Whats up guys.....What a day!....Tripp good thing that order didnt go threw last night AH on AIB and I had a buy ordered at 3.16 for 100x I pulled the order at 6.56 am.. and then It went down to 3.05 before 9:00am...didnt do it...but did get in at 2.99 100x...and then another 100x at 2.60....with my first 100x at 3.45 so I wound up with 300 shares AIB adv @3.01...(Did you know the dividends are like $2.45) Then I got back into Bac 100x @ 6.50 and thats all of that I have...but happy to get back in because I sold before at 6.91... Then I already had Citi 200x @ 3.99 and I pick up another 100x at 3.65 with now 300 total @ 3.87....and I had to buy more ford at 1.91 100x + original 100x@ 1.99 so I have 200 of those 1.94 adv...2000 shares of GTXO we know where that is...And my beautiful Sirius the only one Green!!! I haven't check out AH yet....But.... now we wait.....Now according to stats If the winner of the Super Bowl is AFC the market will open bad the following Monday....If the Winner is The NFL the market will be good....So this year Its basically 2 NFL teams so its a win win situation!!!! Thats it for me for now!!!
Check AH.... About what I expected... about the same as closing....
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hey bill I would not take fnm and fre off the list of stocks to watch it tanks and comes back but they have govn support thats you your taxes they are managing tarp cash so it comes back I tried to pick up ctic again at .08 but never made it good luck
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Guys,
If you look at their chart you will notice that DRYS goes straight up or straight down a lot of times. Tripps, I think your way of playing it is probably the best. Go in low and then catch up if you have to really fast. The MACD (12,26) and the EMA (9) are running parallel but could shift at any time. If you look at the ADX it is in a very bearish position with room for the stock to drop. I think this is what they are thinking on that site. There is plenty of room for dropping, and the ADX trend strength is at 75 which is really high. The highest it has been for more than at least two weeks. However, just this last Wednesday the ADX was bullish for a day and prior to that it was mixed, but it wasn't bullish as it is bearish now.
We are well below the 50 day MA and just barely below the 10 day MA. The RSI is pointing straight sideways now (no wiggles in it).
So from what I see, it could go down a couple of dollars or quickly go down a little and then take off. It is virtually sideways with down indicators. However, if we have a shitty Monday it could drop even more with the market. I would look at the current level that it closed at today and use that for my prime. In other words if it takes off at market opening, then I would have to buy in out of fear. If it drops out of the gate I would follow down to where it starts to go up. There isn't much time to catch this one and time is money with DRYS IMHO.
Have to watch it close, cause it will move fast, but once you get on that gravy train then it will be one hell of a ride. haha
I am packing my bags as we speak, I don't want to miss this journey :D
So what do you think of that plan?
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[QUOTE=ray;11166]hey bill I would not take fnm and fre off the list of stocks to watch it tanks and comes back but they have govn support thats you your taxes they are managing tarp cash so it comes back I tried to pick up ctic again at .08 but never made it good luck[/QUOTE
hey Ray, how did ctic do after you tried to pick it up? You say at .08...I will have to look.
FNM and FRE government money, our money, I would love to get some of that! lol
I will check them out tonight. This is research and post night and Maker's Mark night. Too bad we couldn't sit in your shop and have one together. I've drilled more holes while drinking than I have with a real drill.
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Cantor Suspends Price Target on DryShips (DRYS) Given Near-Term Dilution
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DryShips (DRYS) volatility spikes on shelf share offering
Cantor Suspends Price Target on DryShips (DRYS) Given Near-Term Dilution
DryShips (DRYS) Cancels Acquisition Of Another Drybulk Carrier
DryShips Inc. Announces Further Capex Reduction and Secures Fixed Rate Employment
Unusual 11 Mid-Day Movers 1/29: ISSC, POZN, NURO, OSIS Higher; OSK, BANR, TXT, DRYS Lower
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Goldman Sachs Added Caterpillar (CAT) to its Conviction Sell List
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January 30, 2009 1:43 PM EST
Analysts at Cantor Fitzgerald suspended their $8 price target on DryShips (Nasdaq: DRYS) this morning, citing "the significant and uncertain amount of shareholder dilution expected over the near-term..." The firm maintains its Sell rating on shares of DryShips. Notably, Cantor just downgraded the stock from Hold to Sell on January 22.
The firm notes that recent announcements out of DryShips ($500 million equity offering, issues with buying/selling several Panamax vessels) have clouded the company's near-term outlook. The Cantor analysts moved their FY09 EPS estimate on DryShips from $1.99 to $1.23.
Shares of DryShips are down about 21% today, most recently trading at $6.78. The stock has fallen by more than 44% in the last 2 days of trading on the news mentioned above.
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STOCK ANALYSIS
Time To Man The Lifeboats On Dryships (DRYS, GNK, EGLE)
January 30, 2009 | By Eugene BukoveczkyIndications that things weren't quite shipshape at bulk commodity carrier Dryships (Nasdaq:DRYS) surfaced last week when the company stunned the market with news that it was suspending its dividend and canceling several new ship orders. It also warned that its fourth-quarter earnings would fall well short of expectations.
Now another shoe appears to have dropped.
Dryships Faces Debt Crisis
The company's shares shed as much as 30% of their value after management disclosed that it was now in breach of certain financial covenants, and it planned to raise $500 million from an unexpected new stock issue. Apparently two of the company's bankers, which are collectively owed about $752 million, recently gave notice that the loans were in breach. Nervousness on the part of lenders is understandable. During the last shipping boom in the mid-1990s, many Greek-owned shipping companies issued junk bonds to finance fleet expansion. The whole thing turned out very badly for investors as 17 out of the 18 Greek issuers defaulted
