Michael W.

DryShips Cancels Acquisition of Four Carriers - What Does it Mean for the Stock?

At the depressed level Dry Ships is selling at and the manner in which it trades I suspect that the stock is being accumulated by "smart money". The trading volume is totally amazing (often 30% of total outstanding shares traded daily). I suspect that there will be a tremendous short squeeze with any positive announcement. Get ready for a wild Roller Coaster ride, the Cyclone will seem tame by comparison.