As a LT investor in LYC I see the shorters doing us all a favour. Whether it stays at these levels or lower, it is a fantastic entry point for further accumulation. If holders truly believe in the company they will know that at current prices this stock is another FMG or better. The perspective here is where will we be in 2 years. At that point you would think that the stock price should have stabilised at possibly x2 or x 3 current (or higher) levels and LT holders then determine if they keep it as a dividend stock or not. If you're holding ST only then yes it is a battle.
the battle, page-6
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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
| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |