I think the whole market is in desperate need of some medication. It is just bouncing about randomly, with no sense at all. It's like a mental institution at the moment - all sorts of sh*t happening for no reason at all. LYC is no different.
Until this settles down, I'm just going to ignore the market.
One day, even the dumbest trader will realise that there is unbelievable value in the market at these levels, and then they'll all come rushing back in, spouting the usual hindsight drivel - and contradicting everything they are saying at the moment - which is in itself a contradiction of everything they were saying just a few months ago.
And to think, "analysts" and "stockbrokers" and "fund managers" get paid million dollar salaries to basically act like lemmings.
Boy, did I ever choose the wrong career - I actually thought it would be sensible to DO something with my brain.
LYC Price at posting:
27.0¢ Sentiment: LT Buy Disclosure: Held
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