There are a lot of conspiracy theories abounding again, I am not realy sure if anyone is making money out of LYC. My opinion is that it is daytraders that are just churning the stock.
This is base on no change to major shareholder announcement.
It can be confirmed for those who have access to check who the brokers involved are. Last time it was Comsec and several other retail type brokers.
Institutions would not be selling for a loss something just purchased and the number of shorts has apparantly been dwindling down.
56c wall gone! , page-30
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Last
$6.05 |
Change
-0.010(0.17%) |
Mkt cap ! $5.655B | |||
| Open | High | Low | Value | Volume |
| $6.00 | $6.10 | $5.97 | $26.46M | 4.378M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 849 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 10260 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |