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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You sound naive.People repeat patterns.Last time this happened...
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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. |
---|---|---|
$2.34 | 25989 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2145 | 2.330 |
2 | 2430 | 2.320 |
5 | 29030 | 2.310 |
7 | 84430 | 2.300 |
10 | 213332 | 2.290 |
Price($) | Vol. | No. |
---|---|---|
2.340 | 25989 | 1 |
2.350 | 179061 | 19 |
2.360 | 4500 | 2 |
2.370 | 2416 | 2 |
2.380 | 66089 | 7 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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