DRO

0.00%

85.0¢ droneshield limited

Ann: July 2023 Investor Presentation, page-71

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surfgimp

329 Posts.

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02/08/23

11:46

Post #: 69115069
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Originally posted by Mayi: ↑

I was originally in the sit and hold crowd for DRO as I agree that it is a good stock that looks like it has a lot of long term potential, though I have since changed my mind and joined the short term traders on this one (they are not day traders).

DRO is about as good as it gets as a trading stock because it has good volumes and a positive trajectory so traders aren't likely to get badly burned on the downside. It also has a lot of supporters, regular positive announcements and is over-hyped. When the positive announcements come people get over-excited and drive the stock to unsustainably high levels which offer clear exit opportunities. Often the good news will not result in tangible gains for a long time and the market soon gets bored and drifts down offering an opportunity to buy back in at lower prices and use the proceeds to top up their shareholding and increase profits beyond that achieved by long term holders.

There are really good opportunities to sell when announcements like today come out that are positive and drive the share price, but which the benefits of will not be seen for years. The market will soon forget about them. Also, when the company publishes actual numbers there are often buying opportunities as the announcement is good but the expectations too high (the recent 4C announcement is a good example).

Traders also get some downside protection as they seek to lower their cost base. The risk for them is that the stock gains sudden unexpected momentum that is not driven by announcements and may be left out of the stock or be forced to buy in at higher prices (this will usually happen eventually on a good stock) but it is far better to miss out on a potential gain than suffer losses.

My guess is that long term holders will do ok. The people who buy in on the hype will most likely make donations.

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Long term holders will do ok???? What are you a prophet? I hope people don’t take your opinions too seriously. And yes they are unsubstantiated opinions. Are you a fortune teller? Please spare us from your diatribe and go to another stock forum where they don’t know you!! You might be successful there!!

DRO Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 85.0¢		Change 0.000(0.00%)		Mkt cap ! $741.2M

Open	High	Low	Value	Volume
85.0¢	87.0¢	79.5¢	$15.83M	18.95M

Buyers (Bids)

No.	Vol.	Price($)
3	62969	85.0¢

Sellers (Offers)

Price($)	Vol.	No.
85.5¢	36700	3

View Market Depth

No.	Vol.	Price($)
3	62969	0.850
6	72170	0.845
4	4290	0.840
5	53056	0.835
10	60641	0.830

Price($)	Vol.	No.
0.855	36700	3
0.860	11000	2
0.865	10000	1
0.870	248565	8
0.875	65157	3

Last trade - 16.10pm 08/11/2024 (20 minute delay)

DRO (ASX) Chart

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