Anybody in on the dry bulk shipping action? (DRYS)

Discussion in 'Stocks' started by Thermactor, May 29, 2008.

  1. NoDoji

    NoDoji

    DRYS is a great trade, over and over again. Go long at 88-90; short at 94-96. Fundamentals are fine!
     
    #21     Jun 3, 2008
  2. mark2

    mark2

    If you mean what you mean about the chart.. the dumping from the smartmoney is coming to the end for this round.
     
    #22     Jun 3, 2008
  3. Love the action on DRYS. I'm waiting on the next short term bottom to climb abord this roller coaster stock.
     
    #23     Jun 3, 2008
  4. NoDoji

    NoDoji

    EXM and GNK ended the day at a nice pullback, too. Came close to entering after each selloff today, glad I waited: GNK below $66 :-O
     
    #24     Jun 3, 2008
  5. Its a pretty textbook long setup to ride wave 5 up. I only use elliot wave on stocks when a chart looks picture perfect for it, and this one does. Entry at ~85 would have been good, but 90 isn't bad. Stop just under 80 and a target of ~120. Nice risk/reward setup.
     
    #25     Jun 3, 2008
  6. Look at the chart during previous earnings reports. DRYS did the same thing last quarter, but only in a bigger way. Due diligence man, due diligence.
     
    #26     Jun 3, 2008
  7. NoDoji

    NoDoji

    Anyone else get in on GNK, DRYS, and EXM this morning? Made our salary for the week...:cool:
     
    #27     Jun 4, 2008
  8. good day to take profit on drys
     
    #28     Jun 4, 2008
  9. Still long DRYS, FRO, TBSI. In the red in DRYS and FRO, little gain in TBSI. Holding.
     
    #29     Jun 4, 2008
  10. mark2

    mark2

    Me.. got more GNK, DSX, TBSI, DRYS and EXM...

    FRO is a no no to me... at least not now.
     
    #30     Jun 4, 2008