imho
I think you misinterpreted my post. Every stock is taking a pounding at the moment with sentiment on those issues I mentioned, to name a few, being the main instigators. If all those issues have an extremely high probability of occurring then it's time to wrap up your portfolio and bury the money for safe keeping. What happened Thursday, or was it Wednesday night on the NASDAQ? Anyone??? The fear of God was put into the naive that poor Greece was I'm the midst of social anarchy on the streets. Yeah, well it's all hugs and kisses today. Then Moody's has to conveniently remind everyone about Italy being a possible downgrade. Now THAT'S ignorance for the ones running for the hills. Greece/Italy/Ireland/Spain and Portugal are a package deal. And US is the cherry on top. Clear those and then we may see a prolonged rally, until the next sentiment script is written. If something is a REAL issue it needs to be on constant alert and downtrend 'til it's solved.
As to LYC. It's in a position to get a further turn in it's price because it DOES have the Malaysian issue to appease. I'm nit into scaring 'mum and dad' investors. I don't short and I don't pray for price collapses so I can pick up cheap stock. I DO trade. I HAVE disclosed that on here and all my other stocks ten times over. Go and search my name. I invest with $250k mortgaged against my home. I bought last Monday for 2:12 and canned it at 2:08 only to watch the game finish at 2:12, or so, for the day. I'm not into jettisoning $4k nilly nally. Guess what? My experience told me it wasn't going to hold it's price. And ain't I glad I didn't pay even $2 for it. Not because it's a crap company or REE are collapsing or what ever. I trade. Not intetsted in holding. Did so from Dec to March after I paid $2:08 and watched it plummet. Wasn't threatened about LYC or it's FA. Was keen to exit so I could trade again.
LYC is an excellent Capital Investment without a doubt. I know there are some here that wish ill on every day trader or similar. Seem to think they are above it all. Well you ain't. I don't care if you've been in LYC for 1 day or 5 years. You chose your strategy. LYC will solve all it's issues and go on to be the $X Club. That's not financial advise, just my opinion.
And yes, when LYC stabilises I will buy in. And when you, IMHO, jump up and down about the great volume in Buying, send me a smiley for the 125,000 units contribution I made, ooooh, so you all like the DT now. :))$
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Last
$7.34 |
Change
-0.260(3.42%) |
Mkt cap ! $6.860B |
Open | High | Low | Value | Volume |
$7.55 | $7.56 | $7.30 | $32.37M | 4.384M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 84497 | $7.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.35 | 23514 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 84497 | 7.340 |
1 | 2318 | 7.310 |
1 | 1720 | 7.290 |
5 | 15815 | 7.280 |
3 | 48516 | 7.270 |
Price($) | Vol. | No. |
---|---|---|
7.360 | 9683 | 1 |
7.370 | 9683 | 1 |
7.380 | 9683 | 1 |
7.400 | 9683 | 1 |
7.420 | 10955 | 2 |
Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
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LYC (ASX) Chart |