LYC 3.42% $7.34 lynas rare earths limited

melbourne heraldsun - sam fimis says sell, page-11

  1. 1,867 Posts.
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    SS thats interesting data on the institional holding at 7.7%, if thats correct. I didnt know that information was available.

    Although i assumed it was very low, its good to see the data. It explains the long term downtrend in the stock. At its peak institutions reportly owned 70% of lynas. So the long downtrend reflects their selling out rather than any manipulation by "shorters"

    Also if there is effectively no institutions in this then there is effectively no institional traders still involved. The smart money has left the building.

    So all the past talk on this forum of smart money and shorting and manipulation doesnt stand scrutiny against the data you provude. Rather the stock is presumably dominated by retailers, either long term holders or short term traders, although not many would still be trading for 1 cent moves at this stage..

    That institutional data says a lot about the price action of the continuing downtrend.

    Note also your comment that instos incresed their holdings is a bit of an exaggeration, comparing the 4k increase against 1.9 blllion shares on issue. Its a rounding error.
 
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$7.34
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$7.35 23514 2
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