These shippers are out of control. SINO up over 100% in Premarket. Morons are buying these now.
With DRYS halted I am very unsure why this continued but it doesn’t matter what I think. Now it’s just retail chasers that are only going to get hurt. People who believe this goes on forever that will get burned in the end. You Better hope DRYS doesn’t open up around 50 and tanks to 20 then you will really see the panic ensue. Look at these charts, a lot of money is being made however a lot more money will be lost.
This reminds me of the Pot Stocks phase a couple years ago. Anyone holding these overnight are just asking to flush money down the toilet. These shit stocks were down here for a reason and now more bag holders will be left in the end.