DRYS is a nice chart that shows you an extreme example of the “psychology” behind trades.
ACT I – The short. Sure, DRYS trades at -1000 EPS (didn’t even know that was possible, not really sure what that even means!)
ACT II – The squeeze. The bear’s tears float this stock up fast.
ACT III – The dump. Profit taking drives this stock down 85% in a day.
If you traded this stock and profited, good for you. It’s a little too much for my taste, but at least I can watch from the side and remind myself that this market is indeed controlled by bigger powers.