So you are basing your target price on your own opinion that the market will get smashed.
But the exact opposite could also happen.
There is no real reason for the S&P500 to get smashed as it has underperformed. The NASDAQ and a few large tech stocks may have a correction - but it won't necessarily mean the whole market will tank.
Generally speaking, the looming cuts in interest rates in the US should be a positive for many small to medium-sized companies, and agnostic to large Tech companies.
I think the S&P500 will finish higher than today's level by the end of this year.
But whatever I believe about the Macro, it doesn't affect my decision to buy DRO right now due to it being a cracking price - thanks to the recent sell-off then the Cap raise. Given the rapid growth of the company, what can they achieve in the next 6 months??. Probably more than enough to offset any negative macro market action??
$1.15 will do me thanks!!! I'm not waiting..............
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Last
$1.22 |
Change
-0.035(2.80%) |
Mkt cap ! $1.059B |
Open | High | Low | Value | Volume |
$1.25 | $1.28 | $1.22 | $15.76M | 12.65M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 150913 | $1.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.22 | 50500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 142230 | 1.215 |
33 | 225531 | 1.210 |
14 | 230353 | 1.205 |
91 | 854466 | 1.200 |
9 | 58645 | 1.195 |
Price($) | Vol. | No. |
---|---|---|
1.220 | 50500 | 2 |
1.225 | 9150 | 2 |
1.230 | 11000 | 2 |
1.235 | 86597 | 3 |
1.240 | 10000 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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DRO (ASX) Chart |