Gotta read mate. I did now own DRO yesterday. It doesn't meet my requirements for my long-term portfolio (a company I could buy and then not look at for the next 5-10 years and sill feel confident, good cash flow, management that I trust).
So instead I look to scalp DRO. I did not own DRO. I saw the announcement and immediately bought at 14.5c and got out at a profit and now I do not own DRO. If I had to keep DRO for 5 years at 14.5c I would not have made the trade. I will probably do the same at some point in the future. a quick scalp. In fact it is what most traders are trying to do on these high volume days. probably 80-95% penny flippers and momentum traders with a few medium to long-term holders mixed in.
Gotta read mate. I did now own DRO yesterday. It doesn't meet my...
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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 |