Based on my analysis, tehcnical and fundamental, DryShips incorporated will continue its uptrend after today final day of consolidation. On Sept 28, 2010, Drys shoot up with a heavy volume of more than 27 million due to the press release that Drys have secured a charter contract for 1 of its Drillship. This news is very important for Drys because analysts have predicted that they are unable to secure any contract and have to sell the 4 drillships which are currently being constructed at a loss.
I expect today Drys will close between $4.75 and $4.80 and will resume its upward trend specifically on this Friday morning or Monday morning.
For those who have not buy Drys, I suggest you buy today as Drys will definetely jump to at least $5.50 in a couple of days time.
I have invested all my money inside and will wait to at least $10 or more before I start selling. With the oil price keeps going up, it reinforce my view that Drys willl be a very good stock for the long term investors.
Cheers! and Good Luck to the all Shareholders of DRYS. May we success together.