Mate I trade in and out of the stock now and manage to make a few percent here and there.
The one great thing about LYC is that you know the nature of the beast. Ie Any positive rise will be sold into almost on a daily basis (rise in the morning sell down in the afternoon)
So you do the opposite, Sell into a rise and buy back in on the fall.
This is based heavily on TA mate as you need to time into any trading decisions with precision.
But honestly I have started to lose faith with the FA of this stock because if it were all peachy then LYC would be trading above a dollar at least, so you have to question why the market is not there.
Which makes almost every FA post kind of baseless because they all give very good reasons that this share "should be" somewhere else other than where it is.
I have learnt to rely on Mr. Market whom is never wrong and says that it is where it should be because you have thousands of buying decisions made every day factoring in every kind of information available.
My initial purchase was based on the fact that this company suited my investment profile in that it was green, technology based and had a focus on future industries that were important.
I have learned though that no matter how good she looks it needs buy in from others in positions of power before it will go anywhere. Period.
And they play games, the lot of them because they give no one a free ride and only want to profit for themselves.
I hold because I still see the future potential say a year or so down the track and between here and there anything can happen, I trade because I can make a gain even or above the average market return however it takes time and focus to do so.
And time is the one commodity we are all shortest in and currently I have more work than I have hours in the day making coin outside of Lynasia.
If people have nothing better to do all day than sit around watching Lynas and commenting on why it goes up and down or why it should be $5 instead of 50c then maybe they had better think of getting a life.
Starting to see the whole lot as ramping one way or another and very few genuine posters here.
Maybe I'll just leave it at that.
Thanks of course to the TA guys because I have learned a stack from y'all over the time we have interacted an I am truly grateful for your help in understanding the various schools of thought relating to the charts.
The experience has been very valuable and I hope to buy you a beer one day with either the profits from my investments or the spare change left over.
But right now time is money and so it is precious.
Too precious to waste sitting around pontificating on why its up today and not so tomorrow. Fact is I don't need the money now and I am happy to take a LT view which is having a look at it end of year.
Those LT holders whom check in every day cannot truly be LT in their view IMO.
Hope that answers your question Mitta.
See you from time to time. And thanks.
today will show , page-30
-
- There are more pages in this discussion • 4 more messages 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 |