big dump - good buying opportunity, page-2

Hi Allan,

Very interesting and shows the danger of automatic stop-losses.

A sell order went through at 77c (me as I needed some cash) and instantly a cascade of stop-loss orders dropped the price all the way down to 65.5c.

Ridiculous and unwarranted. Completely unexpected by me.

So I bought all those shares back at a much lower cost :)

Lesson: Don't think an automatic stop-loss will protect your wealth when you are away from the game.

Cheers
John