LYC 1.45% $6.80 lynas rare earths limited

great finish with good support buy side 3.9%up, page-41

  1. 22,593 Posts.
    Hi Up, I have only ever used CFD's and for the most part they have been DMA. Recently my broker and many other DMA providers had to severely cut back on the amount of Short CFD that they could provide, but there are still a few if one is lucky.

    Also there is no spread with a DMA CFD, it's exactly the same price as the corresponding share price. Currently with LYC it has a margin of 10%, and now there is a 'Borrow' Fee attached to it. Up to about a month ago one would receive into their account 'short interest' for holding the short overnight, but now its completely flipped and one has to pay similiar as going long with a CFD, but not all stocks carry this 'Borrow' Short Fee, I've only noticed it of late with LYC. pls DYOR as they can be quite a handful, but like all leveraged products they do have their benefits.

    I will as always play the field both ways, atm am quite long but will hedge that open position if ANY sign of weakness comes along, and that will be with the use of the small amount of short CFD's that I have stashed up at a higher price level. Any confirmed weakness that will harm my long position those stashed shorts will be bought down and into use. It will then be closed out at the first sign of strength, and THEN immediately I'll go and chase those closed shorts and stack them up high for safe keepings, only, cause of their scarcity . Hope this helps.

    please dyor
 
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Last
$6.80
Change
-0.100(1.45%)
Mkt cap ! $6.356B
Open High Low Value Volume
$6.78 $6.80 $6.69 $13.60M 2.014M

Buyers (Bids)

No. Vol. Price($)
3 13933 $6.78
 

Sellers (Offers)

Price($) Vol. No.
$6.80 1389 3
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Last trade - 16.10pm 23/08/2024 (20 minute delay) ?
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