DryShips Inc.: The Wild Up-and-Down Ride of DRYS Stock

Sell DryShips on the surge

Sell DryShips on the surge

DryShips soared by more than 50% in today's trade following news that CEO George Economou agreed to enter

DryShips (NASDAQ:DRYS) soared by more than 50% in today’s trade following news that CEO George Economou agreed to enter into a private placement with the company and the company ended its controversial stock issuance to Kalani Investments.



 

DryShips

 

But Heard On The Street‘s Spencer Jakab notes that Economou’s payment “effectively will consist of shipping assets, redeemed loans and a series of preferred stock that had given him super-voting rights that had cemented his control over the company during the rapid dilution.”

“Economou remains the captain of this ship. That is reason enough for those fortunate enough to have made a quick gain to hop off at the next port,” Jakab writes.

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Buz Investors Killing DRYS Stock In what is becoming almost routine for DryShips Inc. (NASDAQ:DRYS), DRYS stock is on a wild ride again, down over 16% as of late-morning trading on Tuesday. This time it is due to the company being accused of lying to the U.S. Securities and Exchange Commission (SEC).

DryShips Inc.: This Scandal Is Killing $DRYS Stock

DryShips Inc.: This Scandal Is Killing DRYS Stock

  • Buz Investors  Killing DRYS Stock In what is becoming almost routine for DryShips Inc. (NASDAQ:DRYS), DRYS stock is on a wild ride again, down over 16% as of late-morning trading on Tuesday. This time it is due to the company being accused of lying to the U.S. Securities and Exchange Commission (SEC).
  • While DRYS stock has always been known for its capricious behavior, Tuesday marks a new element in the downtrodden company’s saga. Previously,
  • rapid shifts in the DryShips stock value were attributed to stock splits or an influx of day traders looking to make a quick buck off of the wildly volatile prices.




Killing DRYS Stock

Buz Investors Killing DRYS Stock In what is becoming almost routine for DryShips Inc. <span data-recalc-dims=(NASDAQ:DRYS), DRYS stock is on a wild ride again, down over 16% as of late-morning trading on Tuesday. This time it is due to the company being accused of lying to the U.S. Securities and Exchange Commission (SEC)." width="300" height="239" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/yahoo-stock-300x239.resized-1.jpg?resize=300%2C239 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/yahoo-stock-300x239.resized-1.jpg?w=603 603w" sizes="(max-width: 300px) 100vw, 300px" />

Killing DRYS Stock While DRYS stock has always been known for its capricious behavior, Tuesday marks a new element in the downtrodden company’s saga. Previously, rapid shifts in the DryShips stock value were attributed to stock splits or an influx of day traders looking to make a quick buck off of the wildly volatile prices.

The accusations are that Economou used “Panama Papers” proxies and went through corrupt Canadian officials in order to help with their surreptitious dealings around the SEC. (Source: “DryShips (DRYS) Stock: Falling Hard On Lies To SEC!” CNA Finance, January 23, 2017.)

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Killing DRYS Stock 

DRYS stock has been in bad positions before and proceeded to have an ebb and flow of rallies and drops. But Tuesday’s news might put the DryShips stock price on an altogether different path. With unproven allegations pointing toward unfaithful actions by the top leadership in DryShips—all the way up to CEO Economou—this may mark a new, perhaps destructive, time for DRYS stock.

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Buz Investors Killing DryShips Inc (NASDAQ:DRYS) will never be accused of being boring. DRYS stock is down again, by eight percent after early Tuesday afternoon trading, adding to the 17% fall since the beginning of the week.

$DRYS Stock: What’s Been Killing DryShips Inc.?

DRYS Stock: What’s Been Killing DryShips Inc.?

  • Buz Investors Killing DryShips Inc (NASDAQ:DRYS) will never be accused of being boring. DRYS stock is down again, by eight percent after early Tuesday afternoon trading, adding to the 17% fall since the beginning of the week.

  • DRYS stock has become known for wild swings, both up and down, as we reported extensively last year. You may remember its enormous spike of an over-120%
  • gain at the beginning of one day, only to fall back to Earth, ending trading with a 66% gain, only to see it all further disappear in the following days and weeks.DRYS stock

Killing DryShips Inc 




 

Buz Investors Killing DryShips Inc <span data-recalc-dims=(NASDAQ:DRYS) will never be accused of being boring. DRYS stock is down again, by eight percent after early Tuesday afternoon trading, adding to the 17% fall since the beginning of the week." width="150" height="150" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/yahoo-stock-300x239.resized.jpg?resize=150%2C150 150w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/yahoo-stock-300x239.resized.jpg?resize=65%2C65 65w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/yahoo-stock-300x239.resized.jpg?zoom=2&resize=150%2C150 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/yahoo-stock-300x239.resized.jpg?zoom=3&resize=150%2C150 450w" sizes="(max-width: 150px) 100vw, 150px" />

Killing DryShips Inc DRYS stock has become known for wild swings, both up and down, as we reported extensively last year. You may remember its enormous spike of an over-120% gain at the beginning of one day, only to fall back to Earth, ending trading with a 66% gain, only to see it all further disappear in the following days and weeks.

Which is to say that DRYS stock is not for the faint of heart, and perhaps more even-keeled investors are hoping for a more solid year. In any case, they certainly must be disappointed with the performance on Tuesday.

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Killing DryShips Inc

The bit of interesting news here, beyond DRYS stock’s performance, is that DryShips announced on Monday that it would exercise its first option on a deal to acquire one very large gas carrier currently under construction by Hyundai Heavy Industries Co Ltd (KRX:009540), the world’s largest ship-building company. The price of the vessel will run DryShips $83.5 million.

 

DryShips takes option on first of four VLGCs

George Economou’s DryShips has made good on its plans to move into gas shipping, exercising an option for one of four VLGCs it acquired at “zero cost” from Economou’s TMS Cardiff last week.

The $83.5m LPG carrier is under construction at South Korea’s Hyundai Heavy Industries and is expected to be delivered in June 2017. Upon delivery, the vessels is locked into a five-year firm charter with an oil major, with a further three year option. The charter is expected to generate $54m, or $92.7m if the option is taken.

Economou, commenting on the deal, said: “We are very pleased to have declared our first option to purchase a high specification VLGC with long term employment to an oil major at above market rates. This acquisition allows us to deploy the Company’s available liquidity immediately and will be highly accretive to earnings and cash flow. This marks the first acquisition of the Company since the restructuring of its balance sheet and our first investment in the gas carrier segment which we believe has very positive long-term fundamentals.”

 

 

 

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DryShips Inc.: What to Watch for in DRYS Stock

DryShips Inc.: What to Watch for in DRYS Stock

DryShips Inc.: What to Watch for in DRYS Stock

  • DryShips Inc. (NASDAQ:DRYS) lost nine percent Friday after showing solid gains the day before, mirroring the volatile ride DRYS stock experienced in November.
  • In case you were wondering, no, DRYS stock hasn’t really changed all that much. It’s still prone to high and unexpected gains, almost immediately followed by steep losses in a strange ebb and flow. This sequence reached its height last month, but is repeating itself again in December.
  • After gaining over 50% on Thursday and losing nine percent on Friday, investors have every right to ask the question, “what’s going on with DRYS stock?

DryShips Inc

DryShips Inc. <span data-recalc-dims=(NASDAQ:DRYS) lost nine percent Friday after showing solid gains the day before, mirroring the volatile ride DRYS stock experienced in November. In case you were wondering, no, DRYS stock hasn’t really changed all that much. It’s still prone to high " width="300" height="200" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2016/12/DryShips-300x200.resized.jpg?resize=300%2C200 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2016/12/DryShips-300x200.resized.jpg?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

DryShips Inc In case you were wondering, no, DRYS stock hasn’t really changed all that much. It’s still prone to high and unexpected gains, almost immediately followed by steep losses in a strange ebb and flow. This sequence reached its height last month, but is repeating itself again in December.

The gain itself is easily enough explained. A press release stated that the company had secured $200.0 million in financing, and it is expected to enter into a new agreement withTMS Bulkers Ltd. and TMS Offshore Services Ltd. The ensuing buzz around the deal and financing helped spur on the surge we witnessed on Thursday. (Source: “DryShips (DRYS) Stock: Here’s Why It’s Up Big,” CNA Finance, December 15, 2016.)

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DryShips Inc 

The important thing about DRYS stock is to be vigilant and, above all, careful. November saw a lot of big winners and losers following the astounding, mercurial rise and fall. For investors watching DRYS stock in December, they would be best served learning from the past.




DryShips Inc: What Sent DRYS Stock Soaring?

DryShips Inc: What Sent DRYS Stock Soaring?

DryShips Inc: What Sent DRYS Stock Soaring?

  • Buz Investors DRYS Stock Soaring It wasn’t so long ago that DryShips Inc.(NASDAQ:DRYS) was having an over-200% climb in one day. A short month after that, DRYS stock was peaking near the $100.00 mark, up from single digits, only to be brought right back down to earth again (or should we say sea level?), flattening out back right where it started in the $5.00-per-share range.While December 15 doesn’t have quite the same scale of growth, there’s still excitement surrounding DRYS stock, as it gained 52% after a press release on financing and expectations
  • .The press release stated that the company had secured $200.0 million in financing, and it is expected to enter into a new agreement withTMS Bulkers Ltd. and TMS Offshore Services Ltd.

DRYS Stock Soaring

Buz Investors DRYS Stock Soaring It wasn’t so long ago that DryShips Inc.<span data-recalc-dims=(NASDAQ:DRYS) was having an over-200% climb in one day. A short month after that, DRYS stock was peaking near the $100.00 mark, up from single digits, only to be brought right back down to earth again (or should we say sea level?), flattening out back " width="300" height="225" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2016/12/DRYS-Stock-300x225.resized.jpg?resize=300%2C225 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2016/12/DRYS-Stock-300x225.resized.jpg?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

DRYS Stock Soaring The company registered its total debt as somewhere between $135.0 million and $140.0 million, while total cash is resting between $40.0 million and $50.0 million. (Source: “DRYSHIPS ANNOUNCES COMPREHENSIVE REFINANCING, DE-LEVERAGING AND STRATEGIC REPOSITIONING,” DryShips Inc., December 15, 2016.)

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DRYS Stock Soaring 

But what’s most interesting for DRYS stock is whether this deal—and the resultant spike in stock price—is sustainable. Investors are wary after the volatility of mid-November, when the stocks shot up and down intermittently.

The stock is also being watched as part of a potential resurgence in the shipping index following the election of Donald Trump. The impact of his policies may affect a profound shift in the industry, but again, that will bear watching.




DryShips Inc.: The Wild Up-and-Down Ride of DRYS Stock

DryShips Inc.: The Wild Up-and-Down Ride of DRYS Stock

DryShips Inc.: The Wild Up-and-Down Ride of DRYS Stock

  • Buz Investors Wild Up-and-Down Ride of DRYS Stock( NASDAQ:DRYS) stock had a wild ride on Tuesday, rising as high as 120% before curtailing to a (measly) 66% gain. Tuesday marked the second day in a row that DRYS stock had gone absolutely crazy with unbelievable gains. On Monday, it had finished with a 215% climb.
  • This is in large part due to the proposed debt restructuring and a rise in the Baltic Dry Index (BDIY), suggesting that demand for shipping capacity has started to increase. (Source: “Here’s Why DryShips Inc. Stock Continues to Explode Higher,” The Motley Fool, November 14, 2016.)
  • At final tally on Monday, the $12.00 stock in the morning had transformed into a $41.00 stock by day’s end. On Tuesday, DRYS stock continued in its mercurial ways, finishing at $71.26. In five days, DRYS stock

Wild Up-and-Down Ride of DRYS Stock

DryShips Inc.: The Wild Up-and-Down Ride of DRYS Stock

Wild Up-and-Down Ride of DRYS Stock At final tally on Monday, the $12.00 stock in the morning had transformed into a $41.00 stock by day’s end. On Tuesday, DRYS stock continued in its mercurial ways, finishing at $71.26. In five days, DRYS stock went up 1500%. Naturally, this jump is not sustainable for the long term but, for a company that seemed dead and left for broke,

 

 

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Wild Up-and-Down Ride of DRYS Stock

suddenly rising from the grave to amass huge earnings in such a short time period is certainly powerful evidence to its resilience.

It’s definitely been troubled waters for the shipping company since DRYS stock’s fall from a six-digit stock to a $4.00 price point. While this current wave of good fortune is great, it’ll take a long time before the company finds itself in the rarefied airs it once occupied in 2007 and 2008




DryShips Inc.: There Is Fuel in This DRYS Stock Rocket Ship

DryShips Inc.: There Is Fuel in This DRYS Stock Rocket Ship

DryShips Inc.: There Is Fuel in This DRYS Stock Rocket Ship

  • Buz Investors DRYS Stock Rocket Ship (NASDAQ:DRYS) stock has exploded off its lows set just days ago. There can be numerous reasons why this company is enjoying a meteoric rise, but I am not sure anything can really justify such a sharp move.

  • On November 2, DRYS stock made a new all-time low at $3.84 and eight days later, it is trading at $42.68. That is a 1016.15% return in 8 days. Simply and utterly incredible. And I think don’t think this run is over just quite yet.

  • I have been trying to justify a reason why a DRYS stock is going is up, but finding that exact reason has been near impossible. The Baltic Dry index has been rising for months now, so yes the backdrop is getting better, but that is not the catalyst I am looking for.

DRYS Stock Rocket Ship

 

DryShips Inc.: There Is Fuel in This DRYS Stock Rocket Ship

DRYS Stock Rocket Ship The DryShips stock chart above illustrates three different levels of price resistance that are highlighted by a pink box. I am assuming that the rally in DRYS stock will have difficulty breaking through these levels on the first attempt.

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DRYS Stock Rocket Ship

The first level of price resistance comes in the form of the 200-day moving average. The 200-day moving average is the dividing line between stocks trading in a bull market versus stocks trading in a bear market. When share price is above the moving average, it is bullish. When share price is below the moving average, it is bearish. Traders eye this moving average and it has been known to act as support and resistance. The 200-day moving average currently sits at $78.58.

The third level of resistance comes in the form of a horizontal level of resistance. This level acted as a previous level of support in 2016. It is not uncommon for price to return and test a previous level of support. This level of resistance currently sits at $120.00.