Aust Small Cap Investigator had told clients to have stop loss orders @ $0.95. Once it hit 95c the stop loss orders flooded the market. What a stupid thing to have ALL those traders with the same stop loss price.
Been waiting for it to hit 95c and see what happened. Some traders will be feeling a lot of pain. A bit of common sense would say have your stop loss at 96.5c or 96c to avoid the bloodbath.
Re-entry price unknown but I'm looking at about 50% of run from 20c to $1.40 +/-. That's about 60c + 20c base = 80c.
Hope to see more sellers and take the new buyers out over the next few days.
DYOR
BOW Price at posting:
89.5¢ Sentiment: ST Sell Disclosure: Not Held