the whole shorting situation in Lynas and the way the instos are able to walk the price down has been a real mystery to me. I have never seen the like of it in 20 years of trading my own account. Yesterday was particularly bizzare. I'm buggered if I know where that ~ 60 million shares came from to sell the market. Some suggested it was 'profit taking', but that's BS. The stock has done very little volume under 90c over recent times - who was actually making "profit"?
The price action today makes it seem all the more a mystery. It is going up right now at a reasonable clip with very little selling resistance.
It's been a real lesson, this stock. I think the landscape for trading has really changed over the last 12 months or so. LYC has bought it into focus ( for me at least)
25% of yesterdays volume short sold, page-13
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Last
$7.76 |
Change
-0.045(0.58%) |
Mkt cap ! $7.290B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.80 | $7.72 | $1.166M | 150.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1795 | $7.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 846 | 9 |
View Market Depth
| Last trade - 10.16am 03/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |