DRYS – A Lesson On Market Players

drys

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.

-Gio-

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