I day trade for a living but I'm investing in LYC in my retirement account. I'm waiting for $2 simply because I see nothing that has changed since The Fear has set in. LYC is once again at the mercy of political winds in a backward country. The same Fear that nearly killed it is now eating away at its guts. There is nothing rational about fear so good fundamentals mean little. Round numbers, like $2, have psychological significance so odds are the bears can take price there. If it happens, I will add to my position. To have a world class company eviscerated by ignorance and fear is not in the best interest of the Malaysian people who, after incidents like Malaysian air flight 370, can use a break in the court of public opinion. So clearly they are not ready for prime time. On the plus side, unless the Lynas board is suicidal, they will build Lamp 2 elsewhere.
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B |
Open | High | Low | Value | Volume |
$6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 26354 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.15 | 3758 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10596 | 6.100 |
2 | 329 | 6.090 |
3 | 1300 | 6.080 |
6 | 28264 | 6.070 |
2 | 166 | 6.060 |
Price($) | Vol. | No. |
---|---|---|
6.210 | 710 | 1 |
6.230 | 5000 | 1 |
6.280 | 4100 | 1 |
6.290 | 158 | 1 |
6.300 | 5200 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |