LYC 0.90% $7.70 lynas rare earths limited

dwarf bloodbath, page-10

  1. 1,867 Posts.
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    I dont believe the last half hour kick below 0.60 was shorters selling and hoping to buy back cheaper. That would be a ridiculous trade on risk reward.

    One of the warrant series had an automatic stop loss set at 0.62 and i think another also may have. I looked at the market about 11.10am at 0.625 and 15m shares traded. A few minutes later another 8million shares went through and the price dropped suddenly to 0.585 then recovered.

    So i think the selling down to close the gap towards 0.60 just hit this automatic stop level at 0.62 and their robots had to dump the lot in seconds.

    No problem. Thats removed that risk for now. No more auto triggers for a while.

    I just decided to catch a falling knife and load up. I love this stock.
 
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