Moorookamick,
Just look at other heavily shorted stocks like BBG and JBH.
These two stocks were heavily shorted and even modest sales confirmation skyrocketed the stock in the past few months.
When Lynas finally has the plant fixed and produces saleable products at even a modest profit (hoping for 3rd qtr confirmation) this will rocket for sure.
I sold my holdings yesterday and will buy back in late October.
I am really angry with Lynas that they did not inform the market of their problems in a timely manner. Disgusting in my opinion.
Moorookamick,Just look at other heavily shorted stocks like BBG...
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Last
$7.71 |
Change
-0.090(1.15%) |
Mkt cap ! $7.206B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.80 | $7.59 | $17.72M | 2.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16763 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.73 | 13637 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |