> 26% of trade are shorts !

26.7% of yesterday's trades were due to short selling, according to ASX reports, pushing the SP down to 52.5c.
The shorters had been forcing down the SP in the past, and aggressively in the past 7 trading days, increasing the outstanding shorts reported by ASIC.

_____ASIC Report __ ASX shorts __ % __ Trade Volume _ Close

28/05 ____________ 2,362,137 _ 26.70% __ 8,848,151 __ 0.525
27/05 ____________ 1,595,097 _ 22.22% __ 7,177,761 __ 0.55
24/05 ____________ 1,667,850 _ 14.10% _ 11,831,447 __ 0.565
23/05 ____________ 3,807,038 _ 17.86% _ 21,315,338 __ 0.55
22/05 _ 195,311,842 _ 1,078,353_19.44% __ 5,546,914 _ 0.60
21/05 _ 198,014,827 _ 1,995,604_19.07% _ 10,464,118 _ 0.60
20/05 _ 196,757,602 _ 1,090,050_10.81% _ 10,084,564 _ 0.615
17/05 _ 197,615,349 __ 638,247 _ 5.01% _ 12,740,153 _ 0.60
16/05 _ 197,743,605 __ 844,270 _ 5.99% _ 14,094,782 _ 0.61
15/05 _ 198,524,595 __ 556,804 _ 3.27% _ 17,052,939 _ 0.615
14/05 _ 197,708,246 _ 1,665,567_ 6.30% _ 26,447,943 _ 0.63
13/05 _ 196,464,032 _ 3,863,132_17.00% _ 22,779,856 _ 0.685
10/05 _ 194,560,443 _ 2,953,104_ 9.00% _ 32,823,928 _ 0.66
09/05 _ 192,724,604 _ 2,502,189_ 6.71% _ 37,313,976 _ 0.645
08/05 _ 193,985,756 _ 3,641,704_15.73% _ 23,156,895 _ 0.595
07/05 _ 203,711,878 _ 3,105,178_18.24% _ 17,021,359 _ 0.575
06/05 _ 205,938,788 _ 4,626,137_ 8.19% _ 56,487,116 _ 0.58
03/05 _ 205,421,307 _ 1,348,757_16.53% __ 8,160,793 _ 0.50
02/05 _ 205,566,697 __ 755,211_ 14.08% __ 5,362,490 _ 0.485
01/05 _ 205,359,047 _ 2,905,287_36.71% __ 7,913,258 _ 0.50

http://www.asic.gov.au/ShortSell/ShortSellReports.nsf/HTMLReportSummary?OpenPage&Start=1&Count=30&Expand=4.1

https://www.asxonline.com/intradoc-cgi/idcplg?IdcService=ASX_COLLECTION_DISPLAY&hasCollectionID=true&dCollectionID=68&SortField=dInDate&SortOrder=Desc

* Stop loss trades can lead to short sell by providers, further increasing short sell that lead to further drop in LYC SP.

* Inspite of improving fundamentals, the drop in SP again instill fear on investors that lost sight of LYC impending and potential future profit.