DRO 1.66% 89.0¢ droneshield limited

I think @TheAnalyst007 has been making the correct observations...

  1. 499 Posts.
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    I think @TheAnalyst007 has been making the correct observations over in the TA thread. Its not about the news but about visibility. Before we were below the radar of a lot of Investors/Funds due to our low market cap among other things. Now we've broken through and we're getting a lot of coverage people are looking at our health which we've know is exceptional.

    Its a good reminder that in the small cap space, you can actually wait for a company to deliver on their promises before buying when there arent many eyes on them as you get a long time to buy in at a cheap price.

    The volume is just too large to write this off as crazy speculators or retail investors. I think Insto's are looking at our:
    1. No debt
    2. Profitable
    3. Amazing growth potential
    and they're deciding that we're a good place to park their money. Add to it they can highlight our AI potential and you're also talking about the buzzword of the moment.

    I personally sold down 12.5% at 59c with the view to buy back if we hit 50c but also to derisk. DRO is 80% of my traded portfolio so the swings on this have been insane to the upside. I made a mistake with APT when it ran from $10 all the way up to $150 as I kept selling on the way up. Not this time. Let the winners run!

    Yahoo!
 
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Last
89.0¢
Change
-0.015(1.66%)
Mkt cap ! $643.8M
Open High Low Value Volume
91.0¢ 93.5¢ 88.5¢ $3.667M 4.046M

Buyers (Bids)

No. Vol. Price($)
8 115161 89.0¢
 

Sellers (Offers)

Price($) Vol. No.
90.0¢ 26277 3
View Market Depth
Last trade - 16.10pm 21/05/2024 (20 minute delay) ?
Last
89.5¢
  Change
-0.015 ( 1.54 %)
Open High Low Volume
91.5¢ 93.5¢ 88.5¢ 1631297
Last updated 15.58pm 21/05/2024 ?
DRO (ASX) Chart
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