DRYS and a projected RSI number down.
Remember this AM it was in the .0256 ish.
So.. pick a number.. .0215 to .0243 from .0256.. That looks like 10-15% from .81
That being said keep in mind I walked it down to 40.5 cents which would be 1/2 .81. Not likely but that should not be ignored and if that should not be ignored niehter should .50 which can be seen via .25 and pnf.
And .50 from .81 is hmm a bit more than 30%.. HMM That stretches the RSI unless SPX rallies while DRYS stands still and that could occur.
We shall see but the flip side is.. I can walk it up all the way to .16 easisly re RS.. OFF a .08 that's 20 times of 16.
Keeping in mind Management has to remain in control and hold ORIG. A sale of ORIG and one should be doing the number to understand the VALUE.
Keeping in mind if Management tried to take it private value will be less than it should be. But if a MOBIL wanted it then a premium of ? should be expected for those rigs to just step in and take them for the swipe of a pen.
So all to just allow some to THINK.
ME? I just monitor DRYS as I do all holdings that I hold long core and while doing so UNDERSTAND the ranges.
Fintas
