DRYS Don Wolanchuk 12x Dry Ships Gain Possible

This morning when I woke up I read that Don Wolanchuk was recommending Dry Ships (ticker DRYS) again with a "likely target" of $60 from its $5 per share price.

Recall this is $5 after massive reverse splits since I first saw he recommended it in 2009

DRYS Split History (From Yahoo! finance)

Splits:  1/(25x4x15x8x4x5x5x7) = 1/420,000 !!!
--------------------------------------------------------------
03/06/16 - 1/25 Reverse stock split
08/14/16 - 1/4   Reverse stock split
10/30/16 - 1/15 Reverse stock split
01/22/17 - 1/8   Reverse stock split
04/09/17 - 1/4   Reverse stock split
05/07/17 - 1/5   Reverse stock split
06/25/17 - 1/5   Reverse stock split
07/16/17 - 1/7   Reverse stock split

DRYS has falling quite a bit since his last recommendation to buy in July 2015.

 From our July 2, 2015 article: Don Wolanchuk Dry Ships DRYS Falling Knife Advice


Last year (see links below) he attempted to call bottoms again at $3.30 and $1.51. 

Now at sixty cents, he's taking another shot at calling the bottom.

• 7/2/2015 @ $0.60 "buying dryships 60c"

(Some of ) Don Wolunchuk's Prior DRYS Calls:

• Feb. 4, 2009 @ $7.10  "DRYS premarket 1.1 mill traded ....now 7.10" 
• Feb. 4, 2009 @ $7.10  "its an investment ....not a trade"
• June 6, 2014 @ $3.30  "its a gift imo im adding here"
• Oct. 24, 2014 @ $1.51  "drys booyah"

Also see:

Thursday, February 05, 2009
DRYS: DryShips Inc. (Nasdaq)
Well known market timer, Don Wolanchuk, likes Dry Ships (DRYS on the NASDAQ exchange) as a high octane (high risk) stock to take advantage of a bull market rally he expects.

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