lynas under 50c, page-67

onyx
l dont know of you or yr experience...
but if l were u l would stop listening to the majority of posters on HC LYC.

No one has taken any responsibility for the 4$ 4wd happy clapping buy my dream house fly around the country country club talk LYC is full of.

l bet those saying they are holding have already sold and are down ramping to buy more cheaply. Or to dollar cost average in. Or to get mums and idiot dads to buy their remaining shares before they tank (right or wrong). Or are buying at 85c to sell at 90c on big vols and the SP will only hit a dollar when those accumulating decide they have amassed all the mums and dads shares. They it runs. So you buy. So they sell. Tey have they vol.

Stop looking at the depth chart as gospel. Millions and millions and millions of shares in LYC traded hands without appearing on it. The bots are buying in at say 91c en masse then selling them at 94c then driving the price lower again with their enormous volumes and round and round it goes. Thing is, its like a filter. Those rapid flashed of light and movement are the algo computers executing orders faster than you can think. (ie 10000s of calculations a second).

l look at it like this. There must still be many who hold many LYC shares. Most people lose their nerve eventually. The big fellas will use their volume to shake out the scared, trigger stop losses and accumulate as many shares as possible. How many more 100 million share trading days can we have? 1? 3? 5? Surely the price will drop 10% a day till we get good news of some sort...
You see this environment is all the big fellas need to drive the market and you and l into the ground. They love it and thrive on it.

Gotta go. In a nutshell... l have always stated that those posting here have vested interests and it is to the detriment of many others. Its a great feeling to buy at 87c when yesterday others bought at 1.15... But imagine tomorrow when they are 60c then 50c...? Cinically, l believe those with the big vols will make it so.

People are panicking. Why didnt you? Still holding after buying at $2? This is yr prob. If you had sold, you could be looning to buy back in at these levels... or cheaper. l do not believe the big fellas will let LYC run over 1.20 for quite some time. Beware falling knives. They can tie up yr capital and force you to sell at obscene losses to free up capital

Remember, the first cut is always the cheapest.

Mate l too have lost large sums.
Tonight my heart breaks with yours.
And many scared mums and dads.

Always listen to what they are saying and then try to work out WHY they are saying t and to what end. We are here to make money and we are mostly anonnymous. Lying through our teeth l expect. Open yr eyes. Yr in a meat market. Become a butcher, because you are surrounded by them.

If l were u l would study real hard, work out the gaps and the supp/restist levels, look where vol has sold and at whaqt prices etc etc etc and then...

try to sell in 5k parcels at the top of these resistance levels and then buy back as the SP retreats to its support... and offload the 20k that way, replacing them with 5k parcels hopefully bought over days and cheaper each time.

l hope this helps.
Come say hi
regards