the most ingenious short cover to witness, page-12

bot, mitt, lance,how do you think today's chart?

i asked the chartists around me they said there's still no strong signal to say it's back to bullish in the short term. although after hitting 70s, it was pushed back but there's still a high possibility it will drop again. and since today we tasted the 2 years lowest price @ 0.735. the most important support level has been broken.

also, i told them theres a potential positive ann out within this week, but he told me it doesn't look like that from the chart?? it's still in a downtrend, and theres maybe a second drop to test and adjust the "bottom". so 70s again is possible they said.

but they also said that its possible theres a technical rebound for tomorrow, but can't go above today's high. i don't know how can they make this conclusion. and they said if it's a good company, long holders hold it, for short term, sell it and watch and look for the turning point.

these chartists are my high school classmates. one is working in goldman sachs honkong, another is in morgan stanley shanghai.

but they don't know how lyc is operating, i just sent them the charts and got this feedback.

so what i want to say is long term holders keep your believe in this company. i know how tough that will be. but lynas is really a good company after getting the tol. and it should come asap. otherwise, some guys will always push price down due to the cash burn.