LYC 0.39% $7.75 lynas rare earths limited

Media coverage, page-21

  1. 18,525 Posts.
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    Moving from T+3 to T+2 means more panic from the two bit day traders, who buy and cant afford to hold, has brought more volatility into the market. I believe that this is the reason for todays fall back. I expect the zig zag chart to continue as the SP wends its way to 10c in a reasonably short term. The news has given even the sceptics reason to believe that Lynas will survive and eventually prosper with current shareholders and long termers still able to eventually benefit. In the meantime it will be traders games where some of the over ambitious and greedy will be served a lesson that may teach them when to hold em and when to fold em. It takes short term profit takers to make a spike and there are always short termers that will cause a drop through selling.

    All is good in Lynas land. Well maybe not ALL, but lots to smile about.
 
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