Hi all :)
Yes - my 40c average buy price was averaged up from about 30c initially, when I first bought in.
That is in no way intended to make people who bought in the $2 range feel bad - that's just the way it is. But the point is that the push-down that seems to occur every day is pure manipulation, and NOT any negative sentiment on LYC. This is reflected in those "Change in Substantial Holdings" notices from Morgan Stanley and Mitsubishi which shows them trading in and out in large volumes.
My point is that on the one hand, the almost predictable moves are OK for short term traders to trade in and out of the swings, while for those who are long term accumulators, the dips are for averaging into, IMHO. Different strategies.
But the main point is for the longer term holders and Lynasheads NOT to panic and get suckered out of their shares by these manipulations.
Hi all :)Yes - my 40c average buy price was averaged up from...
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Last
$7.02 |
Change
0.000(0.00%) |
Mkt cap ! $6.561B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $7.09 | $6.86 | $26.51M | 3.784M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5100 | $7.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.04 | 8902 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |