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.
Today was a perfect example of how stop losses can cause a share...
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Last
$1.22 |
Change
0.015(1.24%) |
Mkt cap ! $1.182B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.27 | $1.22 | $7.259M | 5.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19168 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| DYL (ASX) Chart |