Don't get me wrong oil, I totally sympathise. but the markets are a deep dark pool and we know not to invest what we can't offord to lose,
If Lynas had avoided the politics of Malaysia and the world economies didn't fall off a cliff when they did, we could well be humming along nicely with phase 1 & 2 in full production, with ever increasing demand, a share price around $10, and not half the dilution we have suffered.
In that scenario the money would be long, but things took a fairly abrupt turn globally and those who read it early made the necessary adjustments.
Call them big boys, smart money, bankers whatever you will but they had sharp people in tune with the market moving fundamentals and they positioned themselves accordingly.
and we were out of our depth investing in a complex sector in a start up company at a volitile time.
if we held and hoped, we got fried. whos fault? our fault!
they say 'the trend is your friend', and you can't blame them for simply following that old adage,
they also say 'tight stops'
and they say 'don't invest what you can't afford to lose'
they say these things for a reason.
LYC Price at posting:
44.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)