I have held a large parcel of LYC in my long term investment portfolio, largely free carry.
For better or worse, over the last 3 year my transactions have been on my trading account as the stock has presented a string of beautiful sine waves up 15%+ then down 15%+, lock in a strong rangebound price band.
Having sold a month ago in the high $6/low $7 with purchases a month or so before that in the high $5 area, it looks to me like a rinse and repeat.
I don't want any investors to lose money, but I sense a period of price weakness again and will buy over the course of this trough on the trading account.
I retain my long holding all the way through as over the medium term, I expect NdPr prices to recover and am not lost to the potential of corporate action, though it is not the basis of my hold.
As a 40 year commodity investor, sometimes reward demands 5-8 years of patience, just as we have seen in the U3O8 space.
GLTASH
- Forums
- ASX - By Stock
- lyc has chinese nervous...eyeing hastings
I have held a large parcel of LYC in my long term investment...
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.07 |
Change
0.020(0.33%) |
Mkt cap ! $5.673B |
Open | High | Low | Value | Volume |
$6.08 | $6.09 | $6.02 | $35.62M | 5.828M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 298927 | $6.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.07 | 30108 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 229619 | 6.060 |
3 | 243330 | 6.050 |
4 | 247210 | 6.040 |
10 | 813545 | 6.030 |
5 | 40677 | 6.020 |
Price($) | Vol. | No. |
---|---|---|
6.070 | 11795 | 2 |
6.080 | 5807 | 3 |
6.090 | 1506 | 2 |
6.100 | 169180 | 3 |
6.140 | 17560 | 4 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online