Posted On: 01/05/2014 12:27:58 PM
Post# of 2559
DRYS Daily Chart ~ Continued Weakness
Another follow up for a few friends. As I mentioned on Jan 2, I sold DRYS last week on the news of the $200 million offering, Since then, DRYS has continued to be weak although not falling much. The real exit was the day I was away (link back) and missed the sell near 5.00 when the stock was completely outside the upper bollie (again, important rule). In the meantime, the FullSto and MACDs began their negative curl and crossovers, two out of four so far. Will the stock drop more? No one knows, so we'll sit and wait for another swing trade once the charts reset. GLTA
Another follow up for a few friends. As I mentioned on Jan 2, I sold DRYS last week on the news of the $200 million offering, Since then, DRYS has continued to be weak although not falling much. The real exit was the day I was away (link back) and missed the sell near 5.00 when the stock was completely outside the upper bollie (again, important rule). In the meantime, the FullSto and MACDs began their negative curl and crossovers, two out of four so far. Will the stock drop more? No one knows, so we'll sit and wait for another swing trade once the charts reset. GLTA
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