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Strategies & Market Trends : Market Trends & Market Chatter (Investment Ideas)

TIGR 10.25

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Nov 7 9:30 AM EST

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To: freelyhovering who wrote (1584)	1/1/2015 10:02:07 AM
From: Fintas	2 Recommendations Read Replies (2) of 4369

DRYS... and this will be long. First.. keep in mind the sector has been in the poop for a long time. Often as that occurs many companies try to stay the course longer than they should then just merging or other. Why.. GREED. If they can survive they get to live and continue. LEH tried to do it one more time and failed. I'm surprised he hasn't been indicted given his error and the impact to overall markets. Disc drives is also a great example where some hung around for years until the dynamics just caused them to give up. Fortunately as this was occurring DRYS management was pro active as they did the IPO for ORIG as well as got creative with debt. Purchase of OCNF. What they have done with TANKERS and as most know the new builds for ORIG. However DRYS does not live in a vacuum. As these events play out there are always those in any sector looking to take the assets of another company on the cheap. We are watching that battle going in the shipping sector yet it can also be seen with Caesars.. And a few years ago we saw it with Station Casinos. What the INVESTOR has to decide is what is the risk/reward and does one have to stomach/profile to stay the course. Today I notice a soft bashing HIT piece of Seeking Alpha.... Davy Desjardins is the author. And as he puts up his numbers it all sounds great...UNLESS of course you go well beyond what a good investor knows... Yes DAVEY.. debt has to be addressed.. WOW.. What a genius. What a good investor has to consider is CAN IT BE ADDRESSED and WILL it be addressed. I would say if one is watching closely the Execs have recently answered that question. So now we look at DRYS technically. Since I'm aware you are peeking at it with PNF. Use the .06 value box. You will see the push up.. You will see the NEAR term resistance that has to be cut thru. The RSI which got to .37 but did NOT add a box for .0378 was NOT hit. and is now at .033. I can see a .029.. That's 10% apprx. That would also line up with the retrace of the .06 and filling that gap becomes a possibility. Given Fridaay will be another soft trading day.. We shall see how it plays out. But in GENERAL one day doesn't make or break a company. IT CAN. if it's a BEAR STEARNS.. UGH. But most investors understand what DRYS has just done and is about to do. Most investors understand the difficulties of the Sea drills and RIG. So I'd say drys will retrace a bit and then UP.. Next time taking out the areas of the issue of stock.. 1.40 and then up thru the 1.65...... Keeping in mind the larger view of .81/1.62 tad day. then after taking out the 1.62 and any up or down.. use the smaller boxes to watch that play out.. .06/.08/.12 As time moves along... .12/.36.48 and at some point.. .81/1.62/4.86 OR 1.62/3.24/4.86 ALL to tie into 4.86//9.72/14.58/19.44 as TARGETS.. I can see all of them and in fact I've seen all the way to 6.44 and never sold. NOT because I'm a hog. But because I also know the requirements of 5 year capital gains and what purchases qualify and what do not. So I'm not day trading this for dimes and quarters. I'm holding long for DOLLARS.. DOLLARS that could be 5/9/14/19 times the position. THAT is HOW I think re any holding. I KNOW the RISK.. ZERO... I also know the PROFITS that could be used to wash.. And that doesn't mean I concern myself with DOWN. If I did I would have kicked it out at 6 or 5 or 3 or 2.. NAH.. Just another STOCK that is in a sector that is in duress. That is where the large can be made IF management survives to implement and then the product can do it's thing. IF one does not have the stomach for a DRYS they should stick to a better sector. OH .. and as I mentioned recently...they haven't cancelled WINTER.. It's BRRR in VEGAS. It's BRRR in many places. That bodes well for DRYS. Fintas

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