Share
43 Posts.
lightbulb Created with Sketch. 40
clock Created with Sketch. 25/02/21
10:45
Share
Originally posted by chokdee:
↑
Same could be said here with Lynas Snacpa. Relative big swings and for some it's easy to forget we've gone from mid $4 to touching near mid $6 in a short space of time. Naturally some profit takers move in and big end try to reload as they did early in the week. It is easy for them to shake the tree when many retail holders are holding nice profits and weather it be panic or simple profit taking they sell. Panic selling is not warranted that's for sure - market fundamentals are only continually improving as we know. Anyway I believe the big boys (and girls) attempted the same at the open yesterday to have a similar effect as Tuesday - at the open they sold down around a couple hundred k trying to cause the same pile in sell mentality as Tuesday but many have said now - no - nothings changed and fundamentals are only getting stronger - glad I was positioned to advantage.
Expand
Hi Chokdee, It's true that LYC has it's price swings, but not nearly to the degree of MP. I believe MP has had price swings of over 10% almost every day for the past 2 weeks. It had a low yesterday close to $33, then a high today around $44. I believe there are only a handful of days that LYC had a price swing of over 10%. LYC isn't nearly as volatile as MP. One factor might be that there are lot's of call & put options on MP. I'm not aware of any on LYC (I'm a US investor, so I may not see them if they are on the ASX).
(20min delay)