DNA 0.00% 3.2¢ donaco international limited

Pre-Open

  1. 6,615 Posts.
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    Very consistent share price movements and volume.

    ARMCH, we seem to be trading in that $0.62 - $0.66 range over the last 5 days. Would love to get your view on a possible breakout on the horizon.

    Watching the stock has been a focus of mine, I have been grabbing some decent bites in the low end of this range.

    IMO the company will not let the price breach below $0.60 with the entitlement offer on the table.

    I wanted to see it go below this as i was curious to see if the buy-back would kick in to support the price. It hasn't been needed.

    Interestingly DNA has slowly churned through the 2m+ sell spread since the CR and continues to get accumulated.

    Shorts are plummeting at a very fast rate and currently make up just 1.5% of the shares on issue.

    A big decline from the almost 4% we have seen over the last 3 months.

    So much money has been made here.

    Interested to know why we are in Pre-Open... Maybe the entire CR has been filled already.
 
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