ProjectUlu, not a conspiracy theory regarding the sideways stuff, could be accumulation, just don't know yet, so why gamble on it either way? Anyway, seen this sideways crap a million times on different stocks just below a big (often "great" announcement driven) peak and it's often a trap. Why would they spend their money pushing the price down selling to a zillion permabulls when they can just lock a tonne of them into an exhausting sideways range then after they realise they're not gonna be millionaires in a nanosecond coz LYC's awesome, just spend a little bit to trip their stops to crash it heaps lower, covering their shorts at a big profit then going long at bargain basement prices. Well overdue for an epic shakeout, they're like a rare treat for not being a total lemming when it comes to LYC. As a side note I think LYC is one big conspiracy involving NC, the banksters alliance, the Malaysian government, news outlets, SMSL, rorkes, lambda and every other resident ramper :)
LYC Price at posting:
64.0¢ Sentiment: None Disclosure: Held
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