US launch is just that, a launch. It needs to be evaluated over a period of time lets say quarter by quarter on its material success and how well the app is received, new customer growth, revenue growth etc.
I hold this stock and have a low entry price and happy to hold. I personally don't feel the SP justifies being in the 30s and a more reasonable level would be 18 - 22 cents.
The Day traders are capitalising on hype and hysteria to drive up the price and unsuspecting retail investors can get pulled in by all this. I am just going off experience. SP is overinflated IMO and I'll never risk my money entering at this level. IMO
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $3.246M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $1.3K | 350K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 13885551 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 6907654 | 15 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| DOU (ASX) Chart |