Hi Ken
First off let me start by saying that I like LYC and believe it has a great future. Also, I have never shorted a stock because I believe that it results in the wealth of a few in exchange for the wealth destruction of the majority.
However whether you look forward or back, it's pretty clear that over the last 12 months, short selling had zero impact on LYC becoming 'blue chip,' paying dividends or having cashflow issues. These are all day to day operations which are not affected by the SP (even though the reverse is true in that day to day operations affect the share price.)
It would be correct to say though, that sovereign, technical risk and basket price have impacted the SP and created an opportunity for short sellers to create volatility in LYC.
Hi KenFirst off let me start by saying that I like LYC and...
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Last
$7.70 |
Change
0.130(1.72%) |
Mkt cap ! $7.197B | |||
| Open | High | Low | Value | Volume |
| $7.62 | $7.70 | $7.52 | $35.79M | 4.688M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12728 | $7.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 33134 | 4 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |