Friday, November 21, 2008
DRYS - Not A 1929-Style Crash
(Click On Chart To Enlarge)
A couple of analysts were on CNBC this afternoon, agreeing with each other that this is NOT a 1929-style Crash. Well-ll, they might have difficulty convincing shareholders of stocks like this one. DRYS hit $116 in May after reporting great earnings. Last I looked, it was trading at 3.50, down 97% in just six months' time. Yikes.
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