This is a Max Chart of DryShips Inc. common stock performance
Yes, your reading that correctly
1 common share today was worth the equivalent of 1 billion dollars about 9years ago...
Hell, Even 1 year ago it would have been a nice value of $100,000
You want to complain about Ethereum loosing some value...
Lets talk about a NASDAQ sponsored scam
This company has literally ERASED previous stockholders through dilution and reverse stock splits!
The over-all combined stock splits reaches an insane number
1 stock today would equal 11.76 million shares initially issued!
It's crazy, but I'm crazier.
I totally believe I will make a quick 200-500% within a month.
I have read the articles found all over the place, and especially on SeekingAlpha
You can too if you like.
[DRYS] is the ticker symbol traded on Nasaq
This chart is the last week
So before I go any further and attempt to get into any technical crap...
It's a complete gamble!
That I hope pops and I can sell for profit once my "GOOD FAITH" time-period ends!
What I have learned is that CEO's of companies can completely and (some how) legally steal from shareholders/investors.
This is exactly why I like trading on crypto-currency markets. There isn't this massive dilution bomb the company can drop on the share holders and completely wreck an investor!
There isn't this collusion between financing companies to suck dry the common shareholder before leaving them penny-less!
It isn't possible in crypto to take a %ownership and literally cut it in half or a quarter
The stock market (in my opinion) is much more terrifying than crypto markets.
At any given time the floor could cave
BOOM
Money... Just simply... Gone!
I just bought this stock, but I totally recommend 100% you "DO NOT" buy this stock unless you plan on loosing your ENTIRE investment!
Sometimes though, in rare circumstances, acting in complete disregard for your investment can pay off.
I plan to sell all of my shares at any profit level within 1 month. Besides 2 shares.
(the shares used to be worth theoretically 1 billion dollars. For 2$ to equal 1 billion, I like those odds)
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a bitcoin fanatic and alt-coin enthusiast