I think at times like these it is important to stay disciplined and go back to the basics: the original plan that everyone should have (had) when investing in a specific stock.
From my end, I see a definitive progress in the financial health of the company, with a strong cash position allowing it to operate for years to come. Secondly, the company has diversified away from pure crypto exposure into some blockchain consulting, albeit for low-key counterparts. Lastly, my original plan was specifically to hold at least until the end of April to see the revenue and P&L arising from the bitcoin liquidity desk, which should have benefited heavily from the realized high vol.
I am gonna stick with the plan, as it's based on a sound judgement in my opinion. I don't fully understand the current decline in the SP - bitcoin hasn't gone down as much. So I feel it might be a bit of a market panic related to the end of FOMO and the crypto space cooling in general. I think DCC is being unjustifiably punished alongside most other scam companies that have mushroomed over the past two years - but DCC is actually one of the very few that has managed to deliver concrete results and POSITIVE EARNINGS.
I'll re-asses when the next quarterly is out.
J.
Ps: lack of news on AirPocket has been a disappointment, but I still trust Leigh and in particular Neel Krishnan, to still pull a rabbit out of the hat.
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Last
4.2¢ |
Change
0.001(2.44%) |
Mkt cap ! $36.38M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.1¢ | $25.29K | 616.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 207064 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 0.041 |
9 | 738007 | 0.040 |
7 | 452564 | 0.039 |
10 | 704819 | 0.038 |
7 | 207000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 207064 | 1 |
0.043 | 327997 | 4 |
0.044 | 297709 | 5 |
0.045 | 522200 | 2 |
0.046 | 462000 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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