DRO 8.39% $1.42 droneshield limited

I was thinking at a 1B MC DRO was overvalued. I took profits...

  1. 303 Posts.
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    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
 
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