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
$2.38 |
Change
0.060(2.59%) |
Mkt cap ! $1.596B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.39 | $2.30 | $5.264M | 2.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7024 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 32100 | 2 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| IFL (ASX) Chart |