Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Possible Top: DRYS

After surging over 500% from its initial breakout in the high teens, DRYS may possibly be topping out, at least for a short period of time. I say that this is a possible top because of the tremendous strength that the stock possesses. Many have tried to short it and they all have been burned pretty badly. Still, this is the ideal price level to initiate a small, speculative short position in DRYS. Watch for possible support at the 10 day Ma (roughly a bit below 100).


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