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..............
So you are basing your target price on your own opinion that the...
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Last
$1.32 |
Change
-0.055(4.00%) |
Mkt cap ! $1.151B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.43 | $1.32 | $12.42M | 9.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 94692 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 12000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |