LYC 0.00% $6.40 lynas rare earths limited

an idea why Lynas went down

  1. 7,451 Posts.
    lightbulb Created with Sketch. 501
    I was surprised Lynas went down the way they did I had predicted a run up to 12 possibly 13, but for it not to hold very long. Today I was trying to decide if I should sell some of my MP and Tesla puts I had bought recently. I noticed that both SPs had a high on 4/4. I started to look at other green sector stocks and was surprised to see that every one had fallen in the last week. I have said when the correction starts it will hit stocks with high multiples when Market Cap is divided by yearly Profits or Book Value or Revenue. If this is a lost of optimism in green stocks we will see Lynas fall more. Except Tesla all these stocks are down to day MP -4.77%, Tesla +1.13%, BYDD -1.15% NIO -1.17%, REMX -1.60%, LYC -1.42%. I watch REMX -NV more than REMX. It is the actual value of the shares held in the fund. It was down -4.46%. Looking at entire green picture I think I will hold my puts for a few more days.

    Maybe Lynas SP to day has little to do with Lynas, just a fall across all green stocks. Just a thought.

    https://hotcopper.com.au/data/attachments/4260/4260151-6cad37552f34b8df2e18203eee57f1df.jpg
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.40
Change
0.000(0.00%)
Mkt cap ! $5.982B
Open High Low Value Volume
$6.47 $6.48 $6.34 $20.28M 3.161M

Buyers (Bids)

No. Vol. Price($)
1 12848 $6.39
 

Sellers (Offers)

Price($) Vol. No.
$6.40 17965 2
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.