Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Greetings MM Team, May I have a crystal ball question? Droneshield (DRO) went through, in the last 12 months, a meteoric rise. Just over 20 cents last year, to closing over $2 on Thursday! If you would have held it, at what stage (or stages) would you have taken profit, would you continue to hold it, or would you top up your holding and where do you expect the share price to top out? Many thanks, John
Hi John,
That’s a hindsight and crystal ball question! However, at MM we do like to scale in and out of positions although we are more accustomed to doing it with large caps such as $4.1bn Sandfire Resources (SFR) as opposed to smaller names, BUT DRO now has a market cap of $1.5bn following its surge over the last 12-months. Our best guess would be:
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