LYC 0.00% $6.40 lynas rare earths limited

I would not start crowing yet. It might not tast so good if you...

  1. 7,449 Posts.
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    I would not start crowing yet. It might not tast so good if you have to eat it. As I said right now it appears I was very wrong. And that may stay true. But no one including company or you has offered a solid reason. The link to Motley fool did not work and I could not find it with a search, so I did not read that. To me the volume says the price will hold, a positive for Lynas The lack of an explanation for why, says it is unlikely to hold. If we do not receive a notice of a major stock holder buying in 3 days or something else explaining it I am firmly in the wait and see camp. Really surprised an experience investor like you would react so quick to a sudden move without explanation. Not beginning of week move was well explained by new 5 % investor and the C&L site being selected. The move after those announcements was too small compared with Thursday and Friday and too much time past for that to explain it.

    Right now I was very wrong. Time may, or may not, tell a different story. One thing I have learned is never jump on sudden moves To me the volume says the price will hold a positive for Lynas, up or down until you understand why. The move did trigger a strong FOMO reaction for me, I have learned to ignore it. The ignoring FOMO is for all stocks and most things in life in general. Seldom does paying attention to it help anything.
 
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Last
$6.40
Change
0.000(0.00%)
Mkt cap ! $5.982B
Open High Low Value Volume
$6.47 $6.48 $6.34 $20.28M 3.161M

Buyers (Bids)

No. Vol. Price($)
1 12848 $6.39
 

Sellers (Offers)

Price($) Vol. No.
$6.40 17965 2
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
LYC (ASX) Chart
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