At this point in time, the people you really need to feel for are those whose stop losses got triggered. Or even those who got caught up in the panic selling.
Most likely the stop loss was set it up in case the next quarterly result is poor or other negative financial news that doesn’t align with their investment strategy.
Instead, it got activated due to a shorter kick starting a panic sell. Now, if DRO recovers and the next quarterly result sends this to a new high, those holders just missed out on potential future gains.
This is gonna be interesting to follow until the results are released.
The rebound from $1.79 showed buyers are back in the game.
Droneshield Chads!, page-67
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Last
$2.02 |
Change
-0.580(22.3%) |
Mkt cap ! $1.540B | |||
| Open | High | Low | Value | Volume |
| $2.71 | $2.72 | $1.79 | $124.0M | 57.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14085 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |