LYC 0.78% $6.35 lynas rare earths limited

objective analysis of today's events, page-30

  1. 1,176 Posts.
    I don't know Dorski.
    You make a lot of good points and this is your favorite. But if you think the game is that rigged why play?
    I mean is the whole world is against you and the conspiracy is all over the place, so why give them your money to start with? Is it a gambling addiction?

    The only solution you have offered to this problem is buy and hold and sell your winners. That makes little sense to me overall with developing juniors. You will miss too many big moves that way and risk getting run over when a story falters. I mean buy and hold has had a poor decade and did not do well in the GFC. It did work for the market recovery of course. But so did everything, but shorting.

    Your view also suggests very little real market psychology. Just a few pawns getting tossed around by the big boys. I guess you find most market psychology is contrived. Tell that to anyone at any trading desk in H2 2008. In case you missed it, some big boys got kicked around in the global financial crisis. So I guess Bear Sterns, Lehman, AIG, and several banks around the world were too small for the tree shaking?

    I agree what you say happens and likely was part of the Lynas sell off. Heck, the chartists were calling it in real time to be fair to them. But it's not the full story. At a minimum Lynas made itself a target to this type of behavior. I even think Lynas realizes that after the good announcements they put out.

    Things should go better next week. But a giant leap seems unlikely to me. A fundamentalist stays in based on the story and I agree the Lynas story is very much intact. But I'm here and staying based on the facts and information I received and reviewed from the IAEA, Lynas and the Malaysian government. Any other approach would not give me enough conviction to stay like I am doing.

    A chartist sees some of what you are saying but tries to be very detailed about it (as mitta says they try to see the big boys foot prints). But the chartist makes his or her money based on the same reasoning on the way up or down. They side step the losses and try to see tops where they can. And without skills on both sides they will not succeed long term. But I interpret your view as a chartist at the top and buy & hold at the bottom. How can that work long term?

    I find doubts in that general view when applied to juniors especially. When juniors go bad they go to near zero. They often get there in a hurry and many of them throw a lot of nonsense out there the whole way.

    That is not Lynas based on it's very real story IMO. But how would your approach address a deteriorating fundamental story? Or a great climb as a junior starts to earn? I mean I don't recall you joining mitta and Disco Stu in seeing concerns as the Lynas chart weakened. But honestly, I wasn't thinking about this then so you can tell me what you were saying. I'll take your word for it.

    I think you are very an honest and candid as a poster. And I always appreciate your words and an intelligent debate.
    Cheers
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.35
Change
-0.050(0.78%)
Mkt cap ! $5.935B
Open High Low Value Volume
$6.46 $6.47 $6.34 $19.83M 3.109M

Buyers (Bids)

No. Vol. Price($)
3 11865 $6.35
 

Sellers (Offers)

Price($) Vol. No.
$6.36 3637 1
View Market Depth
Last trade - 16.10pm 15/07/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.