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Strategies & Market Trends : Market Trends & Market Chatter (Investment Ideas)
TIGR 10.25-1.0%Nov 7 9:30 AM EST
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toccodolce
To: freelyhovering who wrote (1584)1/1/2015 6:13:15 AM
From: PayItForward1 Recommendation  Read Replies (1) of 4369
 
Free, here is my perspective on DRYS
1. It will be volataile. It has attracted a lot of weak hands in the stock. These are short term holders looking to catch a bottom. Problem is they are nervous nellies and sell quickly, either to cut losses, or sell when they get back to even. They are the ones that learn about Drys on message boards and such.
2. These nervous nellies have created what I believe will be a lot of overhead resistance that will need to be worked thru for the stock to move higher.
3. I think Fintas and Tocco present a lot of compelling FA on the stock and business for long term investors who can stomach the volatility. These are the strong hands. Fintas is one, and he has the conviction to buy inventory from the weak hands at discounted prices.
So, if you own, the day to day is somewhat meaningless. It will be volatile. If you believe in the long term for the business and Drys in particular, then i think you will be rewarded within 3-5 years. I tend to dislike stocks that fall in bull markets, but I don't think this business is dying and economu has shown conviction.
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