LYC 0.34% $5.93 lynas rare earths limited

I put it down to short sellers,traders and the lemming that...

  1. 950 Posts.
    I put it down to short sellers,traders and the lemming that follow. It has happened that many times to LYC and the broader ree market. LYC has no proven record yet so is still susceptible to these games. Fundamentals are only getting better and the overall performance of LYC shows this as well, however in the short term these guys are having a ball. The last big drop came about with all the bubble talk on REE and JP semi down grade and that was all that was needed for the short sellers to attack. They kept at it until the stoltze deal. Then we took off again following more news from China in regards to further ree cuts. We were heavily following Molycorps lead until news of the possible sell off by seed investors gripped the market. Short sellers took over and the lemmings followed. Lyc just followed suit. However Ree prices have continued to climb and fundamentally LYC had never been in better shape. If you can get a few extra shares trading these dips well done but I hate to see LT holders get shaken out and miss the boat. LYC will see new highs sooner than we may think and then just be ready for cycle to start all over again.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$5.93
Change
-0.020(0.34%)
Mkt cap ! $5.542B
Open High Low Value Volume
$6.04 $6.04 $5.93 $23.75M 3.975M

Buyers (Bids)

No. Vol. Price($)
8 128544 $5.92
 

Sellers (Offers)

Price($) Vol. No.
$5.95 12481 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.