LYC 0.78% $7.76 lynas rare earths limited

China, page-17

  1. 7,637 Posts.
    lightbulb Created with Sketch. 509
    You said "The irrational thinking of investment is always strange - some have seen it as - oh no the reo prices are heading down -" I would strongly suggest when stock move it is because many feel that way. Less than think your way. Or at least many big bucks people do if not majority of people Lynas traded 1.5 its normal volume. There for it is important to understand how these people are thinking and you cannot do that if you think they are" irrational" I am a contrarian and often I do not agree with the heard. But it is absolutly critical to understand why they think what they do.

    I Blew it when Lynas had its big runup. Simple reason I underestimated the excitement of people in the green sector and said why can't they understand the metrics?

    Wow 500 points that must be bad!! In fact it Closed at 4365.39 Thursday night and is 4256 right now , 1130 EST, My math says that is USD 109. Not 500. If I used the wrong days you calculate it with the days you want. 109 / 4365. is 2.5% so how does that explain Lynas dropping from 11.00 Thursday night to 9.97 a Change of 1.03 / 11.00 = 9.4%. You picked Thursday not me but it is about the worse date you could have picked. You said "Nasdaq was down over 500 points last Thursday and Friday. " Yet another Lynas dreamer who thinks they can say anything, truth is not important. how is 109 more than 500? I am sure you think I am wrong pls explain how. Trouble is I think you realy believe what you say and that is why you will be totally surprised over next 9 months.

    Just for record 500 was 4328 Friday night and 4386 Wednesday night so don't spend a lot of time trying to move dates around it will not work.

    Spend some time verifying and thinking abut your data before posting you might learn something.

    Neither can I know a bottom for sure. I have learned a few things that help. Both bottoms and tops have a quite period where they price just bounces around a tinny bit, Look at Lynas Jan3 to Jan 21.
    Next do not worry about catching the bottom there are many false bottoms and top Look for a solid change of at least 10% for 2 weeks before jumping in or out.( this excludes dramatic news) If the stock is going to run in either direction the small amount will turn out to be trivial. Far better to entirely miss a bottom than trying to catch a falling knife. Look back at Lynas over last 5 years. Find big movements up or down and look at price pattern just before that move. Look at a few other stocks as well. Not always true but it is the best I know of.

    The H1 report was very good news better than I expected. Lynas's multiples for
    PE, Book value, and Sales revenue to SP are still high. I think last week will turn out to be a blip, caused by H1, on a downward trend. If price and 50 MA drop below 100 day MA I think it means an end to the optimism that propelled this upward. People are funny they never settle in the middle once scared they run to the other side. The longer they deny what is happening the harder they run when confidence erodes.

 
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Last
$7.76
Change
0.060(0.78%)
Mkt cap ! $7.253B
Open High Low Value Volume
$7.72 $7.90 $7.70 $22.34M 2.868M

Buyers (Bids)

No. Vol. Price($)
1 4481 $7.76
 

Sellers (Offers)

Price($) Vol. No.
$7.78 14225 2
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Last trade - 16.10pm 27/09/2024 (20 minute delay) ?
LYC (ASX) Chart
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