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0.22%

$6.76 lynas rare earths limited

"wounded prey"? precious

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ausheds

19,586 Posts.

4974

25/05/18

13:27

Post #: 33309295
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Originally posted by AverageJoe ↑

My preferred entry is $2.20 as I had indicated which price rejected yesterday although only a dip through bu that level held from a weekly perspective. I am not here simply for a quick swing trade. I am at this stage not very comfortable with the murky politics in Malaysia where the so called "rule of law" is applied in such a prejudicial manner. It is verging on revenge by the winning party. I refer the investigations into Najib the week of winning election when the cabinet has not even been completely formed.

This reminds me of African politics 'finders keepers losers weepers' and there is no due process either way. Folks here thinks Dr M is such a saintly saviour to the national salvation of the political integrity but history is one way to see if he can govern with civil peace. Race riot as I was expecting did not eventuate!

I am going to wait and see approach for the sake of sanity because the market is clearly factoring a lot of uncertainty. Fuzzy fly is circling a wounded prey and that is not the publicity that LYC wants at such a crucial time.

I'll have a look at Najib as well as Dr. M crony companies as what the market thinks is going on. I suspect the game is the same just different rules.

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"wounded prey"?

precious

LYC Price at posting: $2.25 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $6.76		Change 0.015(0.22%)		Mkt cap ! $6.346B

Open	High	Low	Value	Volume
$6.70	$6.82	$6.68	$3.536M	523.3K

Buyers (Bids)

No.	Vol.	Price($)
24	9787	$6.75

Sellers (Offers)

Price($)	Vol.	No.
$6.76	20467	46

View Market Depth

No.	Vol.	Price($)
21	11549	6.750
22	17682	6.740
13	23942	6.730
9	17200	6.720
8	21148	6.710

Price($)	Vol.	No.
6.760	8279	28
6.770	16361	29
6.780	9718	17
6.790	21031	11
6.800	36928	14

Last trade - 12.14pm 18/09/2024 (20 minute delay)

LYC (ASX) Chart