[DRYS] update

It looks like the big drop that I was modeling as a 5th in the backlink was only a 3rd.  It ended up bottoming in late Sept at ~15 cents.  Later it went up to .22 again in what I count as 5 waves up.  So now it is looking very corrective, likely in a deep vee second which often follows the first wave up of a long downward trend.

Well, if you want a cheap, non expiring option on the oil services business, here you go.  Buy at current price and hold as long as it does not create a new low.  This is about as asymmetrical a bet as you will ever find, fellow gamblers.  I do not see DRYS declaring BK any time soon because the company just bought more ships.  This is not something you do if you fear imminent BK.  Of course with a total con man like CEO George Economou running the show one never knows but if you are looking for guarantees in the stock market then look at WMT and JWN and many more supposedly blue chips. There are no guarantees.  This is ALL just gambling on greater fools theory.

My model says that until DRYS breaks below 15 cents that it's more likely to triple from here than to fall in half.  Of course, if you are playing any real money here, buy at 16 cents, stop out at 15 cents.  It's still an acceptable loss for an asymmetric bet.

The truth of this model will be know in a matter of days, not weeks.