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$6.40 lynas rare earths limited

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Pennie

797 Posts.

384

01/02/24

21:42

Post #: 72193984
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Originally posted by phantom8: ↑

This is a psychological torment .You need to understand that on relatively low volumes it takes a lot of days to cover 58 million short sold shares ..What do you think the average price that the short holding s have been sold at.Each of the cohort of short sellers will have a different average sold price and they are now keeping the pressure on to push lower while at the same time working out how they can cover and at what price .Whilst there is no catalyst for the LYNAS share price to bounce and accelerate the short covering it’s going to continue.The catalyst is higher ndpr prices and that could come from Chinese stimulus or potentially central bank easing in the western world as economies slow .

its a game of chicken and at the moment the shorts have the chicken by the throat

not enjoyable but as production ramps up I am confident we will see a higher share price

my only wish is that the disclosure rules outed the absolute collusion that goes on and we all had a clear picture about who has borrowed And not the crap ubs /asia/usa Europe subset that is used to confuse

hope you enjoyed my rant

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Yes very frustrating. I really won't know what to think when the share price finally comes good, I'm so used to this for the last decade or more.

LYC Price at posting: $5.68 Sentiment: None Disclosure: Held
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(20min delay)
Last $6.40		Change 0.170(2.73%)		Mkt cap ! $5.982B

Open	High	Low	Value	Volume
$6.34	$6.40	$6.28	$12.65M	1.991M

Buyers (Bids)

No.	Vol.	Price($)
2	15037	$6.39

Sellers (Offers)

Price($)	Vol.	No.
$6.40	38814	10

View Market Depth

No.	Vol.	Price($)
1	2000	6.390
3	16036	6.370
6	39595	6.360
5	14851	6.350
2	15313	6.340

Price($)	Vol.	No.
6.400	26206	8
6.410	11347	5
6.420	17845	3
6.430	7845	1
6.440	7845	1

Last trade - 16.10pm 11/07/2024 (20 minute delay)

LYC (ASX) Chart