Today was a perfect example of how stop losses can cause a share to drop sharply just from some initial panic selling from people who didn't understand the announcement.
The announcement was clearly positive ie IDENTIFIED HISTORIC MINERALISATION ESTIMATES (NON-JORC) WHICH THE DIRECTORS BELIEVE IS MATERIAL
Initial panic sellers appear to have triggered a few stop loss selling which just lead to more stop losses being triggered.
Very curious what mineralisation was identified. DYL is definitely a long term hold.
stop losses and panic selling
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Last
$1.46 |
Change
0.000(0.00%) |
Mkt cap ! $1.415B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.48 | $1.44 | $40.72M | 27.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6495 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 228546 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| DYL (ASX) Chart |