Our Stock of the Week is Dryships (DRYS). DRYS operates a fleet of 35 dry bulk carriers and carries mostly dry bulk, crude and liquefied natural gas. DRYS has been a controversial stock with a huge number of reverse splits over the years and some questionable action by its controlling shareholder, George Economou, but management has made efforts recently to clean up its balance sheet and has completed a buyback program and started another. DRYS recently announced earnings of $0.12 versus a loss in the prior year and revenue growth of $49.6 million year-over-year. Recent trade issues have had a positive impact on shippers as China develops new trade partners. The LNG area has been particularly strong. DRYS has been forming a positive chart and has held up well in the recent correct action. It is back at its September highs and should attract momentum buyers if it can move through the $6.25 area. As always we would not chase the stock on Monday morning but would look for entry on a strong close and good volume.  A close in the $6 to $6.25 area would be an attractive set-up. This post is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this post. Do not buy, sell or trade the stocks mentioned herein. We WILL actively trade this stock differently than discussed herein. We will sell into strength and will buy or sell at any time for any reason. We will actively trade into any unusual activity. At the time of this post, principals, employees and affiliates of Shark Investing, Inc. and/or principals, employees and affiliates of Shark Asset Management, Inc. (“SAMI”), directly or indirectly, controlled investment and/or trading accounts containing positions in DRYS. To accommodate the objectives of these investing and/or trading accounts, the trading in these shares will be contrary to and/or inconsistent with the information contained in this posting.

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