LYC 0.57% $7.06 lynas rare earths limited

LYC: Insanely overvalued, page-98

  1. 6,267 Posts.
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    I thought your ~$8 target was rather lame tbh and does not at all meet the definition of your expected share price drop, which you described to me as "A lot".

    A retracement to $8 is a possibility, of course, but no guarantee. And even then I think you will have to catch a flying knife to make good on your high risk contrarian play.

    So you sold at $9?

    For sake of the discussion, we can assume you sold 10,000 shares and we'll see how much you are willing to lose before you cry Uncle. Just let us know when you cover. TIA
    Last edited by Chemist1959: 08/12/21
 
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