"neo, or perhaps captain hindsight?"
It's got nothing to do with hindsight, it's not hard to establish that this stock has been in a steady downtrend, it's been making lower highs, with lower swing lows for the last 18+ months- there has been lots of opportunities to go short.If you look at RE's or other similar stocks in this sector, then you'll see they've all be following a similar trend aswell. If your trading a stock or looking to capitalize in the short term- then you should only really be trading the trend( unless your using some scalping/ or options strategy), so in the case of LYC, you would be looking for counter trends to short.
My point to the likes of Lamdba was that if you're so certain that Instos are pushing this stock down( which sounds like he is beyond a doubt), then why are you not taking advantage of it? What a brilliant opportunity. You can't put this down to hindsight either, since I've seen posters of hear complaining about instos pushing the SP down for the last couple of years, when the price was well above $1! If I was so connived that instos were pushing this stock down and it wasn't anything to do with natural market factors/ vibrations, then I'd have a MUCH LARGER SHORT POSITION.
"your disclaimer suggests that you may be holding some kind of a short position, and subsequently, a potential margin call.which is perfectly fine for shorting insto bankers with trillions of dollars - they can move the markets, in more ways than one, rather than be moved by them."
You seem to have a major misconception about short selling- like instos are the only ones able to pull it off. If your actively trading stocks then it's likely to be on some sort of margin anyway, so it really makes NO difference if your long or short- it's all the same once you get your head around it. As for a margin call, that's all relative to the amount of $$ in your account, and the total amount you have risked on each trade. Obviously when you short there is unlimited upside risk, however it's unlikely the SP is going to gap up 100's of percent before you have a chance to cover your shorts- so really there's just as much chance your going to get a margin call going long( on a black swan event), as there is going short. If your trading smart then you should never get a margin call because each trade shouldn't be risking more than 1-2% of your total account.
Truth be told I actually covered most of my position today...
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Last
$6.74 |
Change
0.000(0.00%) |
Mkt cap ! $6.300B |
Open | High | Low | Value | Volume |
$6.72 | $6.80 | $6.66 | $14.09M | 2.093M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7791 | $6.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.75 | 13142 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7791 | 6.730 |
1 | 5378 | 6.720 |
2 | 12686 | 6.690 |
5 | 36094 | 6.680 |
3 | 24756 | 6.670 |
Price($) | Vol. | No. |
---|---|---|
6.750 | 13142 | 6 |
6.760 | 9515 | 1 |
6.770 | 11315 | 2 |
6.780 | 9515 | 1 |
6.790 | 5000 | 1 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |