I sold before Easter. I saw the writing on the wall.
There is nothing fundamentally wrong with Lynas. I think it has a bright long term future. However, many people here are focusing on negative local issues related to Lynas when there are bigger picture issues that I suggest you start looking at.
The increase in the markets over the last couple years was a fake recovery were stocks rode on the backs of massive quantitative easing (QE) around the world. The effectiveness of these QEs has waned and stock markets are peaking.
I expect 20-30% drop across the market is coming. More QEs will only slow the inevitable. Rare earth stocks in particular will get hit very hard during the downturn.
Get out of the stock market. The only safe things to hold when money printing is out of control are physical precious metals.
Good luck to you all.
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Last
$5.92 |
Change
0.090(1.54%) |
Mkt cap ! $5.477B |
Open | High | Low | Value | Volume |
$5.86 | $5.94 | $5.84 | $5.126M | 872.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 6160 | $5.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.93 | 24517 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7361 | 5.930 |
22 | 22279 | 5.920 |
18 | 20617 | 5.910 |
15 | 52059 | 5.900 |
11 | 26237 | 5.890 |
Price($) | Vol. | No. |
---|---|---|
5.940 | 14052 | 19 |
5.950 | 36382 | 15 |
5.960 | 38841 | 11 |
5.970 | 102036 | 10 |
5.980 | 25991 | 9 |
Last trade - 11.59am 07/08/2024 (20 minute delay) ? |
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