LYC 2.72% $7.14 lynas rare earths limited

Technical, page-1334

  1. 7,731 Posts.
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    You and many other dreamers and up rampers feel you can say anything. Truth is unimportant even when facts are easily tracked. Yet again you say wait for Q4! Fact is that Q2 (18 Jan SP 11.11), SAR (14 FEB SP 8,95) and Q3 (Apr. 11 SP 9,8) were all fantastic improvements and DOD ( June 13 SP 8.53) was great news Where is stock to day 8.53!! So history says you will not see great improvement a week after these releases. Do you have any argument with facts that says otherwise?.
    I fully agree with you Q4 and AR will be fantastic. Where I disagree Is there will be any big boost to SP. For years Lynas has been overvalued using standard metrics. With recession, those metrics are going down fast. So even with amazing improvement Lynas SP is unlikely to see any long-term improvement. The mistake many are making is the SP of last 3 years was justified. So they say revenue goes up this much and Earnings this much then price should be this. Unfortunately no one in all the years I have been posting has given a clear reason why SP was justified using Longterm averages for metrics. All they say is I bought for this and now it is this so of course it will go up more. Not a good reason.


    You claim volume was light in fact it was 4.1M average 4.9M. One month ago on June 6th the price was 9.35 today 8.53
    Take a look at the following chart Look at direction SP has gone in last month and where volume is. But more people will believe you than me because you say what they want to hear. Their loss.

    https://hotcopper.com.au/data/attachments/4487/4487923-130199e7cd18200285424d039807f77b.jpg
    Sorce data at. https://finance.yahoo.com/quote/LYC.AX/history?p=LYC.AX
 
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Last
$7.14
Change
-0.200(2.72%)
Mkt cap ! $6.673B
Open High Low Value Volume
$7.34 $7.34 $7.13 $39.28M 5.467M

Buyers (Bids)

No. Vol. Price($)
1 1546 $7.13
 

Sellers (Offers)

Price($) Vol. No.
$7.15 72361 6
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
LYC (ASX) Chart
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