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Chris Lau

Dryships (DRYS) Is the Short that Keeps on Giving
11 august

The stock deal cancellation send DRYS stock up 50%+. Ignore this rally. It's a stock for short-sellers that keeps on giving.

It is selling $100 million worth of shares to the CEO. So why is the stock up?

"DryShips Inc. said Friday it has approved the sale of $100 million worth of its common stock at $2.75 a share to entities affiliated with Chief Executive George Economou."

The cash injection creates liquidity for the company and inherently leads to the stock price adjusting for this. Too bad DRYS' business is permanently broken.


DRYS will fall. Agree?

Disagree: More gains ahead for DRYS.

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Dryships (DRYS) Is the Short that Keeps on Giving

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