Bought the heck out that dip. Totally oversold. No reason.
Economy is moving. Global outlook looks very strong to me, but I read the economic calendar, not my own book. You can't see the forest for the trees.
Lynas presents very unique risks and few of the usual, so you are looking at it all wrong, in my opinion. The "traditional" metrics are not helpful here and now.
The downside risks have ruled and that's why the SP is struggling. Lynas just escaped the chopping block. The upside is huge. What you just missed while trying to time the market is a 20-25% bump. Very nice, took some profit, but a blip in the big picture.
If I had not bought all I wanted already, I would buy back this knee-jerk dip based on old news. I believe lots of shares will be sold leading up to license announcement.
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.356B |
Open | High | Low | Value | Volume |
$7.72 | $7.90 | $7.70 | $16.23M | 2.081M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1537 | $8.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.99 | 1595 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 1215 | 7.770 |
16 | 23707 | 7.760 |
12 | 21661 | 7.750 |
11 | 57135 | 7.740 |
4 | 12629 | 7.730 |
Price($) | Vol. | No. |
---|---|---|
7.780 | 12222 | 27 |
7.790 | 14826 | 17 |
7.800 | 22391 | 14 |
7.810 | 34850 | 10 |
7.820 | 18671 | 12 |
Last trade - 15.59pm 27/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |