DryShips Regains Bull-Proxy Status (DRYS)

Posted in pre-market 
September 17th, 2009

DryShips Inc. (NASDAQ: DRYS) is trading strongly again and is becoming a bull market proxy after weeks of not hearing much.  This is up ‘only’ 3.7% at $7.76 on over 250,000 shares as of 8:24 AM EST.  Average volume here is about 21 million shares but it has traded more than that in each of the last six trading sessions and is up close to 20% in the same time frame.  Today’s gains represent highs not seen since early June. -JON OGG

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