LYC 1.87% $6.29 lynas rare earths limited

buy hold protect

  1. 22,593 Posts.
    Not sure if anyones interested or may have missed my comments yesterday about the below webinar but here's a link to it which imo is very very very much required in todays investment world especially for medium to long term holders of mostly any large stock.

    Like why hold hold hold your chosen stock and not take corrective measures to protect those valuable gains, why simply stand back and or jump up and down do cartwheels when there's the mechanisms in place today for anyone to hold in uncertain times or in downturns.

    No stock will ever go up up and not be immune to downturns caused by sector or world influences, no one not even this one, never.

    Also dont be fooled that simply because its issued with the TOL/BOL or whatever that its all go go, thats fanciful.

    Every company out in that big wide world no matter how much money they are making or how much they have in the ground will be subject to downward price movements big and small.

    I dont mean to be alarmist but on this forum there seems to be an illusion that we wont be effected by downturns in the near future.

    This is just a friendly way of mentioning that there is an alternative and some may chose and take the time to think a little more outside the box of how to BUY HOLD and not Protect those valuable gains.


    Dont mean to offend I'll get off my shoebox now.

    Back to the recent action now, well those huge volumes bars of late have really shown their hand, we now know that it wasn't all good demand but once again huge amounts of hidden supply.

    2 charts below, the first is just a repeat of one of yesterday that shows a broader picture of the distribution we've been in and obviously are still very very much in.

    Any major announcement for LYC is certainly a golden opportunity for the pro money to skin investors and all alike. Huge volumes are as mentioned very very scary especially around annoucements and this has again proven correct.

    The lower chart is one of yesterdays action, supply supply everywhere. Wonder how today will finish or more importantly where, say next Friday we'll be.

    Hard hats to the ready.





    yesterday




    www.cityindex.com.au/learn-to-trade/seminars.aspx

    Buy Hold PROTECT Strategy Webinar
 
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Last
$6.29
Change
-0.120(1.87%)
Mkt cap ! $5.879B
Open High Low Value Volume
$6.31 $6.34 $6.27 $5.432M 863.4K

Buyers (Bids)

No. Vol. Price($)
29 18050 $6.28
 

Sellers (Offers)

Price($) Vol. No.
$6.29 10999 39
View Market Depth
Last trade - 13.07pm 10/07/2024 (20 minute delay) ?
LYC (ASX) Chart
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