Ann: Investor Presentation May 2011 , page-20

Hi Ozbecool

Here's a weekly chart of LYC to remove the daily noise. I think you'd have to agree LYC is in weekly uptrend however you look at it. In the short term there's resistance at $2.30 but there's nothing I can make out from the chart to say the trend is down...

I notice the other stocks you mentioned are all small cap whereas LYC is an ASX100 company. Liquidity in small caps has dried up across the board of late and they've been hit pretty hard, not just the REE stocks. It's likely this lack of liquidity will continue for a few weeks yet. Maybe this is where the trend is down?

But certainly not in LYC which has held up quite well over the last few weeks. Superimpose LYC on any of the indices to see this. On your recommendation to sell, I think if you go about your trading this way you're only ever going to hit 1s and 2s. IMHO a better way to go is to either sell when there's some news that changes the nature of the trend or when price closes below some trailing stop loss level. Otherwise you run the risk of your views taking you out of an up trend too early and you never hit that home run. Cheers.