LYC 0.80% $6.30 lynas rare earths limited

Consider buying, page-2

  1. 7,533 Posts.
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    What will help build confidence is some reasons. Telling people you are buying with absolutely no back ground is totally hollow. Try the following.
    I think the resent stock drop is because
    A
    B
    I think the following will reverse.
    A
    B.
    I think the following will become big pluses for Lynas
    A
    B
    Personally I am in a hold situation and here is the reason.
    The stock went down because:
    NdPr prices stumbled badly after a dramatic run up. Meaning supply and demand are balanced short term, maybe supply is a little bigger.

    I classify Lynas as a Growth stock. Trade wars have people very nervous and there appears to be a shift from Growth to Value stocks which always happens when things get tough.
    I am holding because I have no idea when either of these will turn around. Major trade wars will lead to a recession or worse. Decreasing demand and continuing the shift away from growth stocks.

    BUT Long term I am bullish because
    NEXT will provide a positive to revenue.
    Long term NdPr demand will increase.

    If I sold Lynas now I would take a loss on two of my 3 purchases and a loss overall. I am watching the trade situations closely. If it keeps getting worse I will sell for a loss. I started last September moving from Growth to Value and have taken my portfolio Value position up to 80% from 40%. We are in the biggest bull market ever both in duration about 9 years and percent about 380%. The only one that comes close is after the 38 depression which was also started by trade wars. That growth cycle was extended by a war and US becoming the low cost supplier to a rebuilding world after the war.
    Note the DJIA was at 592 in July of 1988 it is 24456 today a rise of 43x in 40 years a double every 8 to 9 years. The last 9 years has been almost twice that.
 
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Last
$6.30
Change
0.050(0.80%)
Mkt cap ! $5.888B
Open High Low Value Volume
$6.25 $6.37 $6.18 $15.59M 2.482M

Buyers (Bids)

No. Vol. Price($)
2 45099 $6.29
 

Sellers (Offers)

Price($) Vol. No.
$6.31 9075 1
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Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
LYC (ASX) Chart
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