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
97.5¢ |
Change
-0.100(9.30%) |
Mkt cap ! $950.0M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.01 | 97.0¢ | $4.369M | 4.414M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 149547 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.0¢ | 93512 | 31 |
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| Last trade - 15.33pm 04/09/2024 (20 minute delay) ? |
| DYL (ASX) Chart |