DRO 1.05% 96.0¢ droneshield limited

Droneshield Chads!, page-83

  1. 1,210 Posts.
    lightbulb Created with Sketch. 318
    Also worth adding that the shorter today entered a "small short position", key word small. My guess is that they saw a perfect opportunity to create a panic and short the stock while it was at an all-time high and make a quick gain, right before the next quarterly result is out. They succeeded.

    Why not increase the short position? Perhaps they are being cautious about the next quarterly result being positive, hence why they only entered a small, short position, rather than a larger one.

    Without retail backing this horse, this could've easily fallen to $1.50 today. However, retail holders came to the party (perhaps an anticipation the shorter made as well, and why they went small).

    Purely speculation and just reading between the lines.
 
watchlist Created with Sketch. Add DRO (ASX) to my watchlist
(20min delay)
Last
96.0¢
Change
0.010(1.05%)
Mkt cap ! $832.8M
Open High Low Value Volume
95.5¢ 97.0¢ 94.0¢ $3.544M 3.705M

Buyers (Bids)

No. Vol. Price($)
32 82121 95.5¢
 

Sellers (Offers)

Price($) Vol. No.
96.0¢ 37117 17
View Market Depth
Last trade - 15.56pm 05/11/2024 (20 minute delay) ?
DRO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.