Tuesday, October 7, 2008

Dryships DRYS Analysis 10/7/08

DryShips ( DRYS ) Technical Analysis Stock Chart - http://blackberrystocks.com/drys.html

This is why you don't try catching a falling knife....who knows where the bottom will be...but when it does form, you could get a 50% move in 3 or 4 days. Drys looks to have support $16 from early 2007. Even if you wait until Drys closes back over $30 you could catch a nice rally off that alone.

For more technical charts - go to http://blackberrystocks.com/charts.html