As I have mentioned quite a few times before DRO is too small for me to have a meaningful holding. At current prices I could already buy back in and collect a bit of cash or increase from my previous holding.
It's also funny that if I make a comment that people don't like (I'm cautious on the stock not negative) it is because I want to down ramp the stock. No one said that when people were suggesting that DRO should be between 40-90c it was because they wanted to sell down. I've never once attempted to said the price should be 15c or whatever. I never make such predictions because I don't pretend that I can predict stock prices.
It is true that circumstances change, but if you look at the number of upgrades compared to downgrades it tells a pretty damning story. Upgrades in the microcap space are exceptionally rare. Downgrades are really common. I explained the reasons for that above. Hence my caution. My intention was to teach people stuff that took me a long time to learn.
I guess my question is why do people become upset when anyone talks about risks? Surely, that is an important part of investing. I would argue the most important part. My bad years are always when I get wiped out on a stock. I am also perplexed at people constantly misrepresenting my position and saying I am really negative. I have never suggested that DRO was a sell. My position is that it has a good sales trajectory and that I am finding it virtually impossible to quantify the risks and value the stock. I am also nervous because the risks are real but most shareholders seem to be ignoring them.
As for my personal holding, the big question is should I attempt to get back in before the 4C is released in a couple of weeks. I have been tossing that one up for a while.
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Last
$1.32 |
Change
0.010(0.76%) |
Mkt cap ! $1.151B |
Open | High | Low | Value | Volume |
$1.31 | $1.33 | $1.28 | $14.65M | 11.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7782 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 123367 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 44866 | 1.315 |
3 | 12133 | 1.310 |
1 | 3815 | 1.305 |
4 | 24193 | 1.300 |
2 | 3500 | 1.295 |
Price($) | Vol. | No. |
---|---|---|
1.325 | 119173 | 5 |
1.330 | 372781 | 24 |
1.335 | 80782 | 5 |
1.340 | 89839 | 7 |
1.345 | 39790 | 4 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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DRO (ASX) Chart |