Re-posted with new heading
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
- Forums
- ASX - By Stock
- reason for price collapse this morning
Re-posted with new headingAust Small Cap Investigator had told...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BOW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online