Rastus,
You brain is trying to make sense of what is happening and coming up with stories to fit the picture. There is NO guarantee what so ever that Lynas will move up when BN wins the election no guanrantee whatso ever and then your brain will find another excuse which can be REE prices is Low, Europe is in recession.
The matter of the fact is the institutional funds which trades Lynas controls the share price. THEY decide when you they will run it up and they will decide when they will run it down. The only time they have no control is once Lynas has proven sales and revenue and then slowly make their way up to the ASX Top 100 Top 50 etc etc and only then they have no control because Super Annuation Funds will splash in the big money to buy up the Lynas Shares. All you can do is wait and wait for Lynas to have proven sales and profits.
Another group of investors Linc Energy went through the same thing that we are going through. LNC investors 14 MONTHS of Downtrend and No ITS NOT over they have to put up with 4 MONTHS of sideway no action before LNC shot up like a bullet on strong fundamental News.
Lynas now has just entered into sideways phase after the Downtrend phase has stop. I will post up a chart so you can see what i am talking about. Can you put yourself in their shoes and imagine how they felt? The talk going on there is exactly what is going on here. You just have to sit tight and stop agonizing every daily price fluctuation or you will drive yourself mad. Imagine a life Lynas 72c you feel hope Lynas 63c you feel despair, then Lynas 72c you feel hope etc etc That would drive you CRAZY. The wait is almost over Sales and cashflow is near. A few more months to go.
- Forums
- ASX - By Stock
- LYC
- malaysian election
malaysian election, page-16
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B |
Open | High | Low | Value | Volume |
$6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | $6.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.25 | 53073 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | 6.220 |
2 | 50325 | 6.210 |
3 | 18949 | 6.200 |
1 | 22631 | 6.190 |
1 | 81 | 6.180 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 53073 | 5 |
6.260 | 17945 | 4 |
6.270 | 16511 | 5 |
6.280 | 26784 | 3 |
6.290 | 37117 | 6 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |