With a stock like LYC, it's very easy to park the bulls at higher prices. How many times have you heard someone say I wish I could buy more but don't have any money left? So with no bulls left to buy, whose gonna stop the bears? The amateur bulls believe dates / schedules provided by Lynas, Ongkili etc and do their dough on these announcements. Then inevitably the dates come and go and schedules blow out as they have a million times before. Smart money (that includes anyone whose on the right side of the trade really) know this will happen so they short / sell. At some point most of the weak hands above have been shaken out and supply dries up, then they take it up.
where's my tol tuesday?, page-28
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6556 | $7.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 3385 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |