All I'm reading on this thread is nonsense. Someone even writes that he bets the instos already sold their shares they bought at 75c for what? for 60c ? What do you think that they sold 200M shares they just bought and lost 0.15 x 200M = 30M just for the fun of it. Then someone else writes that the intos are manipulating the SP to get maybe 35M shares for 5 cents less i.e gain 1.75 M ? While all the rest of their 200M shares are loosing 0.05 x 200M = 10M ?
Let me tell you, the instos are like dumb elephants. They have long term approach. They bought 200M for 75c and they plan to hold them until they are $10. They are not involved with this shorting directly. Maybe they are lending shares to shorters for a fee.
All of you, like the old Greeks or Romans are building a whole mythology of Gods (the fearful instos) who are doing this trick and that trick and they always make money from them. Funny that almost all hedge funds are hardly breaking even with the index. Most of them don't.
They are doing the shorting along with a large group of retail shorters like many that are occasionally posting here. They join the pack when they smell blood. When they smell your fear. LYC investors (and me within them) underwent a grueling trip with unbelievable unforeseen Malay/SMSL made obstacles. This country is unbelievably silly putting all these precautions on a material that is less radioactive than Iron ore.
As a result, the moral of LYC investors is very low and they are tired from the infinite bombardment of shorting. But all of it is going to end pretty soon. In a month or so LAMP will start producing and SP will climb very fast.
So don't loose your patience and even more important, do not frighten yourselves with these stories about those omnipotent "Big Boys". They are actually pretty small boys and pretty easy to defeat if you don't loose your confidence.
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B |
Open | High | Low | Value | Volume |
$6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | $6.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.25 | 53073 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | 6.220 |
2 | 50325 | 6.210 |
3 | 18949 | 6.200 |
1 | 22631 | 6.190 |
1 | 81 | 6.180 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 53073 | 5 |
6.260 | 17945 | 4 |
6.270 | 16511 | 5 |
6.280 | 26784 | 3 |
6.290 | 37117 | 6 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |