kdav - IMO once the Singapore Gov has quietened down the natives (who most likely have been stirred up by a 3rd party) then I expect the share price to rise pretty rapidly to about $2.85.
However, I am not going to get on the bus until I see evidence of a real turnaround. Yes it will rise rapidly but it will take quite a few days to get to its real value.
So while you might think let's get on the bus @ $2.15ish the problem is the bus might go straight to the wreckers or the price of a ticket might keep dropping to around $1.85ish or worse.
I have learnt from the past:
- don't try and pick bottoms (probably good advice for the chimps at the zoo too)
- don't fall in love with a stock
Time is the enemy here for Lynas - this can't get dragged out too long.
DYOR
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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. |
---|---|---|
$6.25 | 53073 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 6.180 |
2 | 12000 | 6.160 |
3 | 15000 | 6.150 |
1 | 1000 | 6.140 |
3 | 5534 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 43756 | 3 |
6.260 | 1545 | 2 |
6.280 | 3279 | 1 |
6.290 | 27747 | 5 |
6.300 | 17068 | 11 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |