Let me say that every thing Chem says about me is true. I did say sell at multiple points on the way up. I told him why then because of very high multiples on Profits, Revenue, Book value to market cap. I failed to understand how much the abundant free cash in market would take Lynas SP. I knew no mining or manufacturing company has ever supported these.
Starting 14 months ago the world changed money left the market and 10 moths ago interest rates started up. Lots of attention on this from US but EU BOE AU and many emerging markets have been raising rates as well. So though I agree his data is correct it is no longer relevant to day. Anybody that does not get this has not been an investor for very long. Did not go through the 2007 to 2012 cycle.
Any one that does not understand how things have changed in recently is not going to be happy over next 12 months and will be saying what is going on is unfair. In fact it is unfair but that does not mean it cannot be understood and planed for. Its funny all the people that are now saying what Lynas has done like Chem are those that said how wrong i was using historical prediction with history.
LYC Price at posting:
$7.44 Sentiment: None Disclosure: Not Held
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