Wealthcrea8or i have held this stock for a long time now. What I have noticed is everytime the stock went down considerbly on large volume it signaled a reversal in the SP trend. Unless we see another 100 million shares dumped on monday id say we'll see the SP rise.
And i wouldn't be surprised now that the positive IAEA report is out all those brokers who follow LYC will give a new SP target next week or the week after which IMO will be substantialy higher than todays closing price.
And to top it all off China will soon release new export quotas of REs which will also have an upward pressure on the SP.
With all the FABRICATED bad news out of the way and the Malaysian opposition proven wrong by the IAEA I see very little that will undermind LYC's SP moving forward.
LYC Price at posting:
$1.75 Sentiment: Buy Disclosure: Held
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