Before the Quarterly Results were announced, I mentioned that if the results were disappointing, the stock would drop faster than it had risen. The market conditions, short seller article, and capital raise have only exacerbated the decline.
To answer your question, retail investors are like bees attracted to the scent of honey. As soon as the scent becomes too tempting, they swarm in faster than you can blink. If a large order were to come through in the near term, word would quickly spread that Droneshield is not, in fact, a troubled stock.
In my opinion, a large ann would most likely lead to a 30% surge in a single day. Until then, the market will decide what is the bottom and what is the rebound amount.
Three scenarios are now likely to unfold:
- If the share price stays around $0.90 to $1.10 until the next quarterly results, the biggest risk is a disappointing Q3 report. This could cause the share price to plunge to $0.50 - $0.70, resulting in a significant drop
- However, if the Q3 results exceed expectations, the share price could surge by 30-40% in a single day. Oleg has repeatedly emphasised that H2 is their strongest period, with Q4 being the largest quarter. If Q3 is impressive, people will naturally anticipate an even stronger Q4. This could lead to a steady climb from $1.20+ leading up to the Q4 results
- An ann coming out of the blue between now and Q3 about a major contract announcement. This would bring forward the timeline of the second dot point.
If the second or third dot points arise, Droneshield will entrench itself in ASX history as a stock with one of the wildest and most remarkable stories lol.
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Before the Quarterly Results were announced, I mentioned that if...
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Last
85.0¢ |
Change
-0.105(11.0%) |
Mkt cap ! $741.2M |
Open | High | Low | Value | Volume |
95.0¢ | 95.0¢ | 84.5¢ | $17.80M | 20.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 37993 | 85.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
86.0¢ | 349403 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 27993 | 0.850 |
8 | 170951 | 0.845 |
22 | 114132 | 0.840 |
6 | 170776 | 0.835 |
11 | 71818 | 0.830 |
Price($) | Vol. | No. |
---|---|---|
0.860 | 349403 | 7 |
0.865 | 96001 | 3 |
0.870 | 221902 | 9 |
0.875 | 219438 | 4 |
0.880 | 2948 | 1 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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