Steve Nelson mortgaged his house to short the hell out of DRYS
the other day, he's now retired.
seriously though, imagine these moves, image if you had bought a
decent size position in the 5's and rode it up to 70 to 100, and
then somehow shorted it, could have retired in a week LOL
Now I realize that the move is nutty and emotional and news
driven, however I want to use it as an example:
on the strong move up to $100, the CCI indicator had negative
divergence. The 5 RSI clearly did not. This is why I
have the CCI on all my charts, because it will show divergence on
strong moves up or down, where even a fast 5 RSI or even a very
vast 2 RSI will not. That's why all the reversion to mean
stocks that are over extended and due for a pullback, I use the CCI
as it will have divergence on the plays that work out.
also funny, the 60 Length Stochastic had stopped right at
80%
hope you didn't chase it or shorted/sold, it's now given almost
all that gain back again. Again DRYS is for very experienced
day traders, too dangerous to hold overnight
DRYS
Posted by EdZ on 17th of Nov 2016 at 10:50 am
Looks like DRYS is trading again.
when they did a reverse
Posted by morton7 on 17th of Nov 2016 at 04:10 pm
when they did a reverse split i was skeptical. should have acted on it...
Steve Nelson mortgaged his house
Posted by matt on 17th of Nov 2016 at 10:53 am
Steve Nelson mortgaged his house to short the hell out of DRYS the other day, he's now retired.
seriously though, imagine these moves, image if you had bought a decent size position in the 5's and rode it up to 70 to 100, and then somehow shorted it, could have retired in a week LOL
Now I realize that the
Posted by matt on 17th of Nov 2016 at 11:00 am
Now I realize that the move is nutty and emotional and news driven, however I want to use it as an example:
on the strong move up to $100, the CCI indicator had negative divergence. The 5 RSI clearly did not. This is why I have the CCI on all my charts, because it will show divergence on strong moves up or down, where even a fast 5 RSI or even a very vast 2 RSI will not. That's why all the reversion to mean stocks that are over extended and due for a pullback, I use the CCI as it will have divergence on the plays that work out.
also funny, the 60 Length Stochastic had stopped right at 80%
Thanks, Matt.
Posted by RichieD on 17th of Nov 2016 at 03:46 pm
DRYS last trade $12.36; might be a complete round trip by the close.
Incredible.
definitely incredible, unreal moves
Posted by matt on 17th of Nov 2016 at 03:49 pm
definitely incredible, unreal moves
"Ship happens" - Tim Knight
Posted by a_l_ on 17th of Nov 2016 at 05:05 pm
"Ship happens" - Tim Knight
DRYS again
Posted by zubeldia on 18th of Nov 2016 at 10:23 am
Here we go... +97% today so far.
Let me take you to the racetrack instead...
Posted by RichieD on 18th of Nov 2016 at 01:35 pm
Used to play for a living. MUCH less volatility, and they don't stop the race (and not let you collect) when your horse is 5 in front.
hope you didn't chase it
Posted by matt on 18th of Nov 2016 at 12:11 pm
hope you didn't chase it or shorted/sold, it's now given almost all that gain back again. Again DRYS is for very experienced day traders, too dangerous to hold overnight
Wish I had a crystal
Posted by EdZ on 17th of Nov 2016 at 10:55 am
Wish I had a crystal ball.