After soaring by 1,500% in the past five days for reasons that remain largely unknown but may have to do with a jump in day rates for dry bulk shippers as well as another dramatic short squeeze within an illiquid market…
… insolvent dry bulk carrier DryShips managed to sucker in a lot of retail investors, a process which continued earlier this morning when the stock was up another 40%.
However, those same retail investors may find themselves the proverbial terminal bagholders, stuck unable to take profit as a result of a T12 trading halt in the stock which was requested by Nasdaq following an “information request.”
It is not clear when and at what price the stock will reopen.
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