all good nicolelee, I gueess some people like to buy at a riskier stage where the potential gains are much greater.
Think of stocks like PDN and FMG. I recall FMG having a market cap in the billions before it had sold a single tonne of Fe.
Everyone has a different risk preference. If people were happy to pay 1.79 not long ago and the price of REE hasn't colapsed, then I see no reason why today's levels aren't a buy.
Someone mentioned here not long ago that 12 months has passed on the large placement at 45c and holders could be cashing in some shares while some big players sell this down. I tend to agree.
I attempted to catch a falling knife today, but I never expect to buy at the bottom
we live in dramatically changing times, page-10
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Last
$6.09 |
Change
0.030(0.50%) |
Mkt cap ! $5.692B | |||
| Open | High | Low | Value | Volume |
| $6.13 | $6.16 | $6.07 | $11.61M | 1.903M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12747 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.12 | 7550 | 2 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |