Down Volume Alert: DryShips (DRYS)

Posted in General 
May 11th, 2009

DryShips, Inc. (NASDAQ: DRYS) is getting spanked pretty hard pre-market.  Shares down 8.75% at $7.30 at 8:28 AM EST on over 630,000 shares.

There are DJ HEADLIENS calling a “Cantor Downgrade to Sell” but this is actually a “re-downgrade call that is not new.  DRYS was cut to Sell on Friday at Cantor according to later in the day data.  It was cut to Hold from Buy at Jefferies Friday.

JON OGG

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