iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

Fly Buy: DRYS

I bought 30,000 DryShips Inc. [[DRYS]] @ $6.80.

Disclaimer: If you buy DRYS because of this post, your job will get outsourced to Mexico. And, you may lose money.

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24 comments

  1. KansasFarmer

    A little too early Fly…… lol Just messing. I’ve been watching it all day and I just added @ $6.60 to my 3 other positions in it over 6 months………. You buying it made me pull the trigger.

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  2. Bubo verginanus

    Hi Fly,

    Did you sell FTK today?

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  3. iBCtard

    I closed out the last batch of my index short hedges this morning. Now that I am completely unhedged to the LONG side, look out below.

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    • iBCtard

      I bet the indices get SLAMMED today for no other reason than the fact that I closed out all my short hedges. Prepare yourselves for the worst down day in weeks.

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      • chivo

        If the indices drop today or for the next couple days I’m going to guess it’s more from them being up 5 days in a row, rather than you selling…

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      • Fipper

        They’ll hold em up today in honor of 911

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  4. Top Ticker

    Dude, WTF?

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  5. gappingandyapping

    Come to daddy!

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  6. Big Mike

    Did anybody think that CNBC townhall meeting with Geinther was bullshit? I mean, come on…Burnett and Leisman talked half the time and the questions were definitely screened.

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  7. Lemonjello

    Here’s the dopes version of throwing down :
    * The S&P will head down to approximately 950 within the next six weeks before bouncing;
    * It will reach about 790 by early in 2010 (probably by March);
    * It will reach its ultimate low at about 600 in the next few years (2014 or so)
    The higher we go the more hand waving he’s doing, meanwhile anybody with anything remotely constructive to say has long ago fled his site. Hold that line Timmayyyy!!!!!!

    btw, go DRYS

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    • TA

      I saw that.

      Why put that out there when like all detailed predicitions, it’s going to be wrong.
      Furthermore it’s not helpful to making money so why even bother.

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      • Lemonjello

        Because he’s got nothing else to offer, the last six months have revealed his utter lack of financial acumen so he’s been leaning too heavily on his gay personality. Now that his gayness has driven away all but the lamest contributors he’s doing what any marketing goon would do, he’s throwing any and all shit he can think of at the wall hoping something will stick and stink.

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  8. TheArtist

    Fly have you compiled a list of small banks that will be able to take up the slack of the bigger regional banks that are doomed to be seized by the FDIC so when all the shit passes over, these smaller banks will be roaring?
    if a complete healing is in the cards then it will only be confirmed when the banking sector, big banks and small banks, are back on solid footing…..the key is finding now, the ones that will be left and on solid ground.

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    • Homo Bob

      I bet the ones that have the smallest CMBS exposure are the ones that will perform.
      Cheers!

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  9. Po Pimp

    Fuck it, I loaded up on some more DVAX at 2.14 today.

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  10. TheArtist

    funny, speaking of DRYS I’m currently designing a “shipping container” home to be built on Harkers Island.
    using 5 solid containers and 3 platforms.

    carry on…..

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  11. FLASH TRADER

    DVAX? Where’s Henry? Looks like an upward fade – maybe 9/11 is a factor.

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  12. jhroac02

    is drys in the same boat as tnk and fro
    what do you guys think of fro, its on GS buy list, i have own it since 21

    also bloomberg actually gives you great info and you can stream it for free on your computer
    they also instead of having crap like mad money, they do market cover around the world all day and night.

    i think dvax has a bounce back in it,

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  13. BxCapricorn

    Drys? Really? Does their continuing debt deferral mean nothing to you?

    Are you going to FTK this one, blaming management for your folly? Your investments are now reliant on highly leveraged trades executed by algorithm traders and “quants”.

    I say good-day to you sir. I said Good-Day!

    Seriously, aside from the farting around, take a few weeks off and go to cash. Enjoy the site of people running around with their hair on fire, especially those gold pumpers.

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  14. Mitchell Mangum

    Where on harkers Island?

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