Today was a perfect example of how stop losses can cause a share to drop sharply just from some initial panic selling from people who didn't understand the announcement.
The announcement was clearly positive ie IDENTIFIED HISTORIC MINERALISATION ESTIMATES (NON-JORC) WHICH THE DIRECTORS BELIEVE IS MATERIAL
Initial panic sellers appear to have triggered a few stop loss selling which just lead to more stop losses being triggered.
Very curious what mineralisation was identified. DYL is definitely a long term hold.
stop losses and panic selling
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 (20min delay)
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Last
$1.32 |
Change
0.030(2.33%) |
Mkt cap ! $1.280B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.38 | $1.32 | $5.779M | 4.308M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26240 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 23474 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| DYL (ASX) Chart |