I was thinking at a 1B MC DRO was overvalued. I took profits along the way since 34c, I dont believe alot of people who think they can tell me right now what fair value is.
Sure they're profitable now, and the next quarterly should be good, but I don't think they're at the stage of being a 2B MC Company. Of course we never buy at fair value, we want to be in early so we can get the max gains along the way, sadly I think it was overbought, and had to come off at some point.
The boys at equity mates have an episode which is a deep dive into DRO and the broker on there was discussing what it would take to be a 1B company (well it was already worth that when the episode dropped) and that had me concerned.
Best of luck to any holders, hope there aren't many that bought above $2
What happened, page-14
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Last
$1.42 |
Change
-0.130(8.39%) |
Mkt cap ! $1.082B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.55 | $1.41 | $47.97M | 32.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 73667 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 12500 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |