DRO 7.34% $2.34 droneshield limited

First in line to sell at this price were basically given free...

  1. 944 Posts.
    lightbulb Created with Sketch. 245

    First in line to sell at this price were basically given free money from Droneshield. All SPP holders were given free money in a sense but only if you sell above SPP buy in, which ironically if everyone sells will only dump the price.

    So who’s buying at this high a price now is a great question, I would say that it is likely to be new shareholders who don’t want to buy at 40 (assuming they are bullish) but can’t buy like us at 30. It reinforces the cost base and creates an even higher stable base. They’re gonna have to sell much high than us for profit so I’d say its unlikely to be day traders and more likely extra cash type investors reshuffling portfolios, selling shitty small caps with no hope like LVT and buying into things like this for the longer haul.
 
watchlist Created with Sketch. Add DRO (ASX) to my watchlist
(20min delay)
Last
$2.34
Change
0.160(7.34%)
Mkt cap ! $1.784B
Open High Low Value Volume
$2.21 $2.35 $2.15 $48.00M 21.22M

Buyers (Bids)

No. Vol. Price($)
3 3150 $2.33
 

Sellers (Offers)

Price($) Vol. No.
$2.34 25989 1
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
DRO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.