DRO 7.39% $1.09 droneshield limited

pattern and gun deal with Saudi Arabia, page-7

  1. 46 Posts.
    lightbulb Created with Sketch. 62
    You sound naive.

    People repeat patterns.
    Last time this happened

    DRO alienated a founder Brian Hearing and their largest shareholder Eagle's View. They waited for them to sell all their shares.
    Then they had maybe 4 announcements in 1 week after having nothing substantial for a while.
    At the same time there was a lot of buying to help catch the momentum traders.
    Regal for example bought millions of shares around 30c and then unloaded them around 45c.

    I bought a lot of shares and am already up big on this.

    Patterns to look for in this penny stock would be the same thing.

    A founder John Franklin sells out
    Biggest shareholder Regal sells out.
    Now there are fewer sellers and the stock can make a run if someone buys a lot.
    Then DRO has many announcements after having none for a while.
    Maybe Regal or someone else associated with Regal or management again is buying to help push momentum higher and selling instead of holding long term.
    Maybe their is a capital raise at the end of this.

    Not a single person believes 30m shares traded yesterday because of one small 200k contract. This is a company that barely broke even because they recognized a lot of grant money, not revenue. Also they cannot seem to collect on guns they gave to the Saudis. That is unheard of. It is a pattern and if it is like this time last year share price will go much higher maybe a raise then probably drop if these things fall through.
 
watchlist Created with Sketch. Add DRO (ASX) to my watchlist
(20min delay)
Last
$1.09
Change
0.075(7.39%)
Mkt cap ! $950.5M
Open High Low Value Volume
$1.08 $1.09 $1.02 $22.75M 21.58M

Buyers (Bids)

No. Vol. Price($)
1 25001 $1.09
 

Sellers (Offers)

Price($) Vol. No.
$1.09 108609 10
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
DRO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.