LYC 0.48% $6.33 lynas rare earths limited

not a good day at all, page-26

  1. 6,316 Posts.
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    Rorkes,

    The only time i have paid above $2 was when we had the SPP.

    Like every other shareholder only got a very small quantity.

    However, there would have been a fair few instos who jumped in at the C/R. Think it was around %2.07 for memory. If they thought it was good value then, how much more now. Thats how i look at it.

    Today i even sold out of another stock that hadn't been doing much anyway to buy more LYC at the bargain price of $1.50. Had been waiting a while to dump the other stock anyway and given it had only dropped just over 1%, i saw it as an opportunity.

    Suppose Lynas can go lower. However, at some point it will do a complete reversal once we get support.

    Hope its soon, because i am at the point where i can't afford to buy anymore without selling other stocks.

    Looking forward to the "BIG BOUNCE".

    Cheers markco2
 
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