Price Volume Spike: DryShips (DRYS)

Posted in General 
November 10th, 2008

DryShips, Inc. (NASDAQ: DRYS) is surging… at 9:34 AM EST we have seen a 9% gain to $15.05 on 705,000 shares.  The reason is pretty simple….. China’s bailout stimulus package of $586 billion over two years.  Shippers have been killed while China has gone off the world markets.

this trades an average of 4.5 million shares, and if this continues we’d expect that volume to be reached maybe by late morning.

Jon C. Ogg
November 10, 2008

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