Anyone following Destra? It was my pick for the October Comp but has only consolidated after reversing trend so I wont win the comp!!! I hold it and entered at 12c (current price). It's a slow but steady mover, maybe I should have picked a faster one for October.
Is anyone checking it out? It looks like it's at the start of a new uptrend, so far a classic swing out of the 10.5c resistance, higher bottoms and higher tops, a rounding bottom has been completed. 15c seems the next major level. Info on DES below from my comments in the October comp entry thread:
I'm going for DES (Destra Corp) www.destra.com.au
It's a diversified IT company. Does web hosting and music marketing (ie like the Mac itunes concept). Has partnerships with major retailers and is announcing deals from time to time. Revenue expected to be strong in the coming months.
It suffered a sharp fall recently when it announced some one-off development costs but has now broken through resistance and looks like it's getting back to its original level after a re-rating. If it sticks to this uptrend I'll be very happy!