DTL 2.18% $8.09 data#3 limited

Ann: DTL delivers another record full year result, page-13

  1. 5,020 Posts.
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    You mean this drop?
    https://hotcopper.com.au/data/attachments/3487/3487982-7eff42c74b6e1c8a12761ebe7549e6f0.jpg

    I didn't sell so I'm guessing at what other investors/traders had in mind. There was certainly nothing within the business to trigger the sell-off. But as you can see the share price took off at a pretty serious pace following the pandemic dip and went rocketing past its previous highs. There was also nothing inherent in the business to justify this kind of rise. So I suspect the correction was a result of a combination of:
    1. Realisation that share price growth had significantly outstripped business growth.
    2. Realisation that the pandemic was far from over, and that headwinds would remain for much longer than anticipated.

 
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