I should add to my post a thanks to mitta for the technicals that have been giving good tips on entry points. In the past I have taken chartists with a grain of salt as the saying goes. Lately I have come to the belief that there is good information to be gained from following their psychology because this is the psychology used by the shorters and the manipulators. They operate to drive the price down below value. They then need a price increase to be able to repeat the deal. Technicals give me my entry point. Fundamentals give me the confidence that there will be a rebound.
Each transaction of a buy and sell with my trading scheme means that 10% of the shares that are traded short term are put aside for long term hold, reducing the number available for traders.
So it is a case of "if you cant fight 'em join 'em" or you could say "join 'em to fight 'em".
I find LYC is the perfect stock to practice this art. There is no other stock that I can see that has been so mamipulated for so long and has the safety net of such sound fundamentals.
NOT advice. Just tellin it as I see it. DYOR.
- Forums
- ASX - By Stock
- LYC
- being shorted like crazy
being shorted like crazy, page-22
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$7.02 |
Change
0.230(3.39%) |
Mkt cap ! $6.561B |
Open | High | Low | Value | Volume |
$6.74 | $7.05 | $6.72 | $39.03M | 5.604M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11129 | $6.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.03 | 26155 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11129 | 6.990 |
1 | 14880 | 6.960 |
1 | 14880 | 6.950 |
1 | 14880 | 6.940 |
1 | 14880 | 6.920 |
Price($) | Vol. | No. |
---|---|---|
7.030 | 26155 | 5 |
7.040 | 31177 | 10 |
7.050 | 68430 | 21 |
7.060 | 16505 | 4 |
7.070 | 8720 | 5 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online