Good Morning!
I was reviewing today’s spotlight trade (that’s DRMC, if you forgot) and noticed an extra chart detail that make this set-up even more compelling.
By now you know how DRMC changed direction early this year and is now jockeying for a seat at the $1B+ aerospace materials table.
It’s still early stages of course, so DRMC is still priced around 0.006. In fact, at this spoke in the action, traders get the new company at the old price.
Check it out, the green circle is the initial press release and here we are now:
Review last night’s email for all the background but that’s the gist. Changing corporate direction gave DRMCa big lift and now it’s time to build on that.
If DRMC climbs from here, I think it shows the market appreciates the changes this company has made and future trading will reflect that.
Otherwise, the “new normal” is still an operational reality but has completely priced itself back OUT of the share price.
When the rubber hits the road, the road usually wins, even in a crazy market like this. Oh, that extra detail I was talking about?
Take another look at Tuesday’s action. Looks like a nice “U” shaped curve ramping up there before yesterday rained on the DRMC parade.
This play was turning just 48 hours ago . . . I wonder if it has better luck today. We’ll know soon, but I just wanted to make sure you were watching.
Sincerely,
Papa Roach
