Its margin calls that is killing our stockmarket.
There are a lot of players heavily geared into Lynas as it also has the most upside. Thus when certain levels are hit Lynas will fair worse with trading stops and margin calls.
I have seen it all before. This is a great buying opportunity imo. I call it the "rubberband play".
now this is a worry, page-24
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Last
$7.85 |
Change
-0.090(1.13%) |
Mkt cap ! $7.337B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.85 | $7.70 | $22.48M | 2.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2285 | $7.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 6431 | 1 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |