@Black, IMHO, there was nothing wrong with LYC $2Billion market cap and that’s why the smart money was in the game and still in the game. The bubble was across the REE sector due to the inflated REE prices. Now where are all those REE hopeful with multimillion MC? They will soon be out of business and LYC will survive. Remember the Dot-com bubble during 1999-2000? Majority of the so called electronic businesses burnt into ashes but those who survived the bubble burst, have you checked them recently? Just a few examples:
1.Amazon - SP was down from $107 to $7 when the bubble burst and now $300
2.EBAY – SP was down from $32 to $6 when the bubble burst and now $55
3.Priceline.com – SP was down from $975 to $8 at the time of bubble burst and now $1140
LYC will be one of those above…
DYOR
@Black, IMHO, there was nothing wrong with LYC $2Billion market...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.28 |
Change
0.190(3.12%) |
Mkt cap ! $5.846B | |||
| Open | High | Low | Value | Volume |
| $6.10 | $6.30 | $6.09 | $21.16M | 3.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3163 | $6.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.30 | 5246 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |