castadiva ,
The reason for LYC rally looks obvious to me ,as predicted .
I don t want to spoil the party and the fun.In my earlier post i did say have plan A and, Plan B ready to put into action.
I expect the run to continue tomorrow ,being the last day of the period to determine the SP of the SPP.
This increase will be of help to institutions and those holding more than $15 worth of shares because the dilution would be less .
On same token the smaller holders would receive lesser number of shares for their dollar (@ 17.5% discount)
The big test how good this rally is, depends ,on Thurs ,FRI and more so next week & thereafter.
IMO , The time to be celebrating would come if the rally is sustained over coming month ,coupled with a positive announcement that says LAMP has reached Nameplate.
Remember that the retailers cannot sell the shares bought in the SPP till they are officially allocated on friday . They can sell equal amount which they are already holding ,if that is what they desire .
This week ,the big players are calling the shots .
Good luck to all holders.
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$7.77 |
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Open | High | Low | Value | Volume |
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---|---|---|
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2 | 8515 | 7.710 |
5 | 11337 | 7.700 |
2 | 35705 | 7.690 |
1 | 8315 | 7.680 |
Price($) | Vol. | No. |
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7.770 | 8759 | 3 |
7.780 | 8315 | 1 |
7.790 | 8315 | 1 |
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