Yep, I snapped some at 1.48 too (averaging down).
I know the DOW futures are pointing at -141 (as I'm typing), but come on people, LYC has been completely oversold!
IMO - Playing off the back of the ongoing Euro concerns, shorters have pushed the price down to trigger the retail punters stop-losses.
See my amateur attempt at chart reading below:
As you can see, the price bounced after each stop was triggered. Unfortunately it continued to drop...
Disclaimer: I have no idea what LYC is doing, I bought in at 1.80!
-Timbo
Yep, I snapped some at 1.48 too (averaging down).I know the DOW...
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Last
$6.30 |
Change
0.050(0.80%) |
Mkt cap ! $5.888B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.37 | $6.18 | $15.59M | 2.482M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45099 | $6.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.31 | 9075 | 1 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |