Since April this year, the SP was on the rise as more and more small-cap fund managers started to recommend and buy into the story of DSE,
as all of them upgraded their outlook simultaneously they got caught up in a bit of a FOMO as the SP spiraled up from 21c to 37c within 3 months
rising 75%
As soon as the Microsoft 365 Syntex backup and archiving news surfaced many SH and I believe many of those small-cap fundies lost their belief
and sold out, relinquishing their position in a dramatic flair which collapsed the SP.
Reminds one of the "threats " perceived by the market from Amazon on the belief that they will decimate the Aussie retail market a few years back.
investors sometimes react too swiftly to an assumption arising from the thought of a Gulith competitor swallowing up the small players, not realizing the complexities and niches within the market.
Topline who has been around for a while and has a much stronger conviction in regard to the scope and the need for independent backup n archiving services has seized the opportunity and bought into the SP weakness, well done.
- Forums
- ASX - By Stock
- Ann: Change in substantial holding
Since April this year, the SP was on the rise as more and more...
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DSE (ASX) to my watchlist
(20min delay)
|
|||||
Last
27.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $192.1M |
Open | High | Low | Value | Volume |
27.0¢ | 28.0¢ | 27.0¢ | $24.44K | 88.76K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 46823 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 208777 | 5 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
Featured News
DSE (ASX) Chart |
Day chart unavailable