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3,676 Posts.
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22/01/10
10:31
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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
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