On the move premarket with 3.3 mil. volume. Got in at $5.19 yesterday afternoon with the profits that I made from DRYS.
Beginner traders should not be involved in extremely volatile gamble stocks like this one. Just my opinion. People should be trying to use the market to make money, not flip coins.
I think it is smart to sell the run off and just wait for ER. If news is positive just immediately, buy. So what if you lose a little? When ER is positive it will run up 100% anyways so you might as well mitigate your risk by waiting for actually ER reading.
DRYS has hit a short term bottom but is flat right now. DRYS will now have resistance located at $4.50 going forward.
DryShips Inc. (DRYS) dropped more than 16% Thursday to post a new 52-week low of $1.60 after closing Wednesday at $1.91. Volume of more than 27 million shares was about 80% higher than the daily average of around 16 million. The company said Monday that it would pay a dividend amount totaling $2.5 million to common stockholders, or about $0.07 per share. Stockholders are not finding that too appealing obviously.
True, but the short squeeze today has made me a ton of cash. see 3 post above, that was my buy signal. LOL.