DRYS - unable to even hold $1

With some broader weakness in the main equity market, Dry Ships (DRYS) was under severe pressure from the open. DRYS has lost the $1 threshold, settling -16.7% @ $0.95 (intra low $0.81), the lowest price level in its ten year listed history.


DRYS, daily

Summary

Today's drop was dire... but for a moment, just reflect upon the bigger picture.. across the last ten years...

DRYS, monthly

The commodity bubble boom of 2007/8... with DRYS peaking at $128.72... with DRYS now sub $1... an incredible drop.

The BDI remains low... in the 900s (having peaked in the 11000s), and there seems little hope for DRYS into early next year.

*I've no interest in the stock.. even at these lowly levels.