gap at 2.40, page-4

chin,

to expand on my previous post.

There are some around here who are swing traders, and buy low and sell high, and wait for a retrace to buy back in.
They will be keeping their own charts, and use them as a guide for their trading.

There are others around here who will tell you they have tried it many times (with LYC in particular) and have missed some major upside due to the volatility of this stock and it's unpredictable nature.

In short, we have a multi billion MC, and are moving from explorer to producer (sole outside China)in a product that has increased in value 500% (roughly) in the past year or so.
Some say this is priced in.
Some say this is yet to be priced in.

For me, it is as likely to gap up again tomorrow as it is to retrace to 2.40.

Ultimately I believe LYC plays buy it's own rules, and is too difficult to confidently "predict", with this particular stock.
Ask yourself this: Where are those who sold at 2.40 yesterday who predicted a pullback?

Good Luck on whatever strategy you choose.

Cheers