You call it rear-view, I call it reality.
Even for the most optimistic forward-looking investor/trader, it's hard to come to the conclusion that this is anything other than crazy delusion about the potential of LYC and that's what is built into the share price of LYC right now, a promise of exponential growth in the company. It's not grounded in any reality, it's just hype and momentum.
Don't believe me? Look at the thread titles on HC. Nothing but fantasy potential, and almost nothing about LYC's existing fundamentals & financials.
There isn't even a developed trend in the financials to the upside for long enough to justify the exorbitant price action.
This stock is valued for dreamers right now. I'm calling Friday this week at the latest to be the absolute top.
LYC: Insanely overvalued, page-9
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |