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Bullboard - Stock Discussion Forum DryShips Inc. DRYS

DryShips Inc is engaged in the shipping industry in the United States. The company operates as a provider of dry bulk commodities transportation services for the steel, electric utility, construction and agri-food industries. It operates through the dry bulk carrier and offshore support services divisions. Through this division, it operates as a provider of offshore support services to the... see more

NDAQ:DRYS - Post Discussion

DryShips Inc. > Scary or lucrative??
View:
Post by theGamble on Apr 05, 2017 12:44pm

Scary or lucrative??

Been watching this plummet for days.... Technicals say very oversold... NR with $250m worth of common shares being sold says Dilution through the roof.

Thoughts on where floor is?
Comment by Marky2 on Apr 08, 2017 4:17am
I just bought into DRYS Been watching this crazy horse for 3 years now....Bought in at .80$ and am hoping that is will get to at least 1..00$ USD. Or 1.35$ CDN...Wish everyone luck!
Comment by ufoolme on Apr 10, 2017 8:07pm
It will probably close tomorrow around 2.25.  But your adjusted cost base will be 3.20.
Comment by Marky2 on Apr 10, 2017 10:00pm
Ufoolme...I'm not sure. I understand the 3.20$...Could u please explain...TY
Comment by ufoolme on Apr 11, 2017 9:33am
If you bought lets say 400 shares at 80 cents, they cost you 320 plus commission. You now have 100 post rs shares.  So your adjusted cost base per share is 3.20 Trading right now around 2.05  /  2.07
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