This is one of those “what were they thinking?” events in the stock market. The stock DRYS had gone from about $200,000 to less than $4 (yes, you read that right). For reasons unknown, people suddenly decided it would be a great idea to bid this piece of crap up like crazy, zipping up to its last major gap (see arrow). Well, they almost made it, except………well……..it’s down over 80% today as I’m typing this. So whatever stooge bought it at over $100 this week is probably feeling pretty goddamned silly right about now.
