Huge volume recapVolume recap.
As you know, i have been keeping tab on daily volume from all exchanges on DRX since
April 11th.
As of yesterday, there as been 7,218,600 shares traded over the past 30 days on DRX.
That represent 57.75% of the float or 1.92% / day.
Let's be conservative and say that the volume drops to 1% a day( about half the current average).
until the annual meeting(in 12 days).
This will bring the float having been traded at the rate of a whooping 70% in only
42 sessions.
I will once again repeat myself.Stronger hands are replacing the early profits takers
at an astonishing pace.
This is VERY BULLISH.
If DRX can continue to grow the top line like they said they can for the next 3 to 5 years
then the bottom line will follow at a faster rate.
Will they surprise us like they have and continue to beat the only EPS estimate out there (Atrium)?
I am in the believers camp. If contracts keep coming in,it is not impossible to forsee $2+ of
EPS on a yearly basis like another poster wrote.
What multiple will the market apply to a fast growing company earning $2+ or earnings.
That is why i think we will see DRX trading north of $20 over the next few months.
Staying long.