I was also in DRO at the same time as you and also sold out early. That stock was caught in a mania where share price became removed from reality - those things are impossible to predict. I was cautious on that stock for a few reasons, one is that management were filling their boots with the companies cash and didn't hold any stock - they got massive amounts of free shares that they sold and took the cash.
Of course being in the anti-drone industry with lots of people jumping on the bandwagon believing that money would fall from the sky, for most of its history it was over-priced meaning that the risk in the stock was always high. However, the one thing the stock did have going for it was that revenue was taking off. For me it was a trade off between greedy dishonest management and massive growth - leaving me in two minds. The decision I made was to treat DRO as a trading stock. Each time there was news that stock flew, then fell back creating trading opportunities. I traded in and out of the stock seven times during that period and nearly doubled my money by doing so.
Then of course the tulip-like bubble came, and I, like you, was caught out of the stock. The share price went absolutely crazy and very briefly hit $2.70 when it was trading on about 40 times sales (not 40 times earnings). Of course, then the momentum turned and then the whole thing fell flat on its face. The shares lost three quarters of their value as the company started getting hit by competition and fell to 70c. On the DRO forum, almost all of those people that bought it around 30c were still holding on to the stock and rode it up and down. They were saved by management using the high share price to sell bucket loads of shares that the purchasers quickly lost money on. The company now has 200 employees and 1/4 of a billion dollars in cash - when its annual sales are 50 million and it has only a couple of hundred employees. That cash (about 30c per share) is the only thing that is supporting the share price. Like you, I sold out early, but have zero regrets, DRO flew on factors that were unpredictable and had (and still has) red flags above it. On this occasion staying in would have worked out well, but I'm in it for the long haul, not one stock, and measure myself on the quality of my decisions, not the result (we've all been lucky and unlucky). DRO went against the law of averages - that happens sometimes - but usually not.
AL3 is completely different. It is a hold, not a trading stock; however, when the market is likely to gift a few free shares, I'm going to sell and buy back.
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