I don't think a 6 or 7% fall over two days counts as falling like a tonne of bricks. In my experience this kind of movement is very common and since I have 30 or so holdings it really doesn't make much of a difference in a portfolio sense.
Large caps (i.e. 2bn USD market cap or more) often move by 20 or 30% in one trading day on international markets. One day price movements on the ASX actually seem relatively benign in comparison.
To me the expression 'Falling like a tonne of bricks' could be used when a position moves against you by 50% in a day, rather than 6%.
I don't think a 6 or 7% fall over two days counts as falling...
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Last
$3.30 |
Change
-0.060(1.79%) |
Mkt cap ! $2.213B | |||
| Open | High | Low | Value | Volume |
| $3.36 | $3.40 | $3.30 | $3.995M | 1.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 28309 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.32 | 3500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IFL (ASX) Chart |