This is a very good share. The only reason that it is going down is because of panic sales or emergency money that is needed right now. They sell at any cost instead of posting the price that the share is worth thus pushing the price down. They give up the power of demand.
Rams: Every time DSY is under discussion you want to know if this is a "growth stock". Stock is something you keep in shop that customers can buy. If you are old enough you might remember the story about the milk cultures. Nothing else grows by itself. What returns: dividends as well as capital gains do expect to see from what you would classify as a growth stock?
Ja, Brommie, if you a farmer ,and still on dial up with the big turbines, you only know one kind of stock...if you don't know, please ask, but dont make it seem you know it all when you don't...we here to help you
can go anywhere, even R40, but where you going to buy(invest)...when it comes back up thru the 200EMA, or when the 200EMA is support...when this happens, both the PE and PEG will look at lot better at current earnings(now just make sure the rands and cents are correct)
Since 'some people' think I know it all: my opinion. The OBV and weekly RSI indicate that we are going to test the next support level. DSY closed below the 200 day MA. IMO, a closing 2% below the 200 day MA over a 3 day period is indicative of a downward trend. (Any comments?) Rams mentioned a 6 months waiting period before the next major increase in the share price. I agree with Rams. We might only experience sideways movement between resistance and support lines for quite some time. This is excellent news for us cfd traders out there. But as Rams is a little bit confused about what most of us expect from a growth stock, he might think DSY is one. As a company becomes larger, for the company to grow at the same pace as what was the growth was in previous years, the ideas for future innovation must be better and bigger. Small new ideas do not influence the share price as much as it did when the company was in a start-up phase. Personally I like DSY's business idea and with their overseas exposure I expect their future dividends to keep up with the pace of inflation plus R$ depreciation. Definitely worthwhile to keep as a long term investment, but I cannot see the share price increasing at the trend that it used to do.