Wow. Good to see the shareholders are defending their company! Look, I have nothing against LYC and agree the fundamentals are great. I believe that people with longterm intentions will do really well. Personally, I'm more interested - and tend to look for - the surprising and less predictable movements in between.
The reason I called a fall yesterday, is because the shareprice has already broken the blue channel and (although not making it down to the bottom of the black channel, which is what I expected initially) it continues to struggle to get above the blue line. This has created a upside down pennant, which is much more likely to break on the downside than the upside, in not just my opinion. I realise that this sounds illogical to many, but people that do have TA books somewhere lying on the toilet floor may want to doublecheck (under p for 'pennant').
Not all analyses play out - thanks tdl - this is true, and I could be totally wrong. It could break to the upside and it could break do the downside then touch the black line and fly back up. My bet is that it will break to the downside and it may well play out the full move to $1.60. I have no problem copping flak - I've been wrong and I've been right at times - so that's the way the cookie crumbles. No personal attacks intended, no offence taken - but I do not downramp for the hell of it. I see it as I see it.
Cheers Hans
LYC Price at posting:
$2.37 Sentiment: ST Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)