DRO 7.34% $2.34 droneshield limited

You sound naive.People repeat patterns.Last time this happened...

  1. 46 Posts.
    lightbulb Created with Sketch. 62
    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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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
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