spot on. Our historic norm is pump on news then slide across and down over time. Given the large retail holding and the FUD here and over on Reddit I’d suggest we’re seeing continued loss taking/capitulation.
An argument can be made that we’ve not seen the material sales expected and that we won’t, hence people abandoning DRO with the expectation we will fail to hit revenue targets that, with an increased cash burn, could sink us and have management coming back to market for more capital.
that’s not what people are talking about - they’re simply crying in the red, lamenting being a “bag holder” because they’ve no idea what they’re doing.
The Bear Room, page-337
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Last
$1.24 |
Change
-0.015(1.20%) |
Mkt cap ! $1.077B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.28 | $1.22 | $10.85M | 8.755M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 43214 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 222 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |