The way this stock has been played......I've labelled it the 'Lynas Limbo..'.......how low can it go ??? I find myself questioning at what price IS a safe entry level ? I've seen it so many times over the last 12 months....the HFT algo program at the speed of hundredths of seconds.....blasts the sell side and smashes the buy side in a blink......the sell side loads up so quickly normal retail fingers can't keep up ! What's to stop them from running this down to 9c ????? Regulators ????? Yeah right. Retail players (particularly longs).....must have a nervous twitch by now. Quarterly raised as many questions as it answered...why weren't first sales announced ? Second guessing adds to the nervous state.
quarterly conf call, page-44
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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 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |