You sound naive.
People repeat patterns.
Last time this happened
DRO alienated a founder Brian Hearing and their largest shareholder Eagle's View. They waited for them to sell all their shares.
Then they had maybe 4 announcements in 1 week after having nothing substantial for a while.
At the same time there was a lot of buying to help catch the momentum traders.
Regal for example bought millions of shares around 30c and then unloaded them around 45c.
I bought a lot of shares and am already up big on this.
Patterns to look for in this penny stock would be the same thing.
A founder John Franklin sells out
Biggest shareholder Regal sells out.
Now there are fewer sellers and the stock can make a run if someone buys a lot.
Then DRO has many announcements after having none for a while.
Maybe Regal or someone else associated with Regal or management again is buying to help push momentum higher and selling instead of holding long term.
Maybe their is a capital raise at the end of this.
Not a single person believes 30m shares traded yesterday because of one small 200k contract. This is a company that barely broke even because they recognized a lot of grant money, not revenue. Also they cannot seem to collect on guns they gave to the Saudis. That is unheard of. It is a pattern and if it is like this time last year share price will go much higher maybe a raise then probably drop if these things fall through.
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$1.11 |
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-0.065(5.56%) |
Mkt cap ! $963.6M |
Open | High | Low | Value | Volume |
$1.18 | $1.20 | $1.11 | $15.18M | 13.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 544964 | $1.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.11 | 10725 | 1 |
View Market Depth
No. | Vol. | Price($) |
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10 | 544964 | 1.105 |
49 | 248096 | 1.100 |
2 | 100525 | 1.095 |
9 | 67202 | 1.090 |
2 | 13198 | 1.085 |
Price($) | Vol. | No. |
---|---|---|
1.110 | 10725 | 1 |
1.115 | 20709 | 6 |
1.120 | 19500 | 2 |
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1.130 | 7000 | 1 |
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