Well look at MCP and REE right now in the USA down 5-6% or so.
Yes, hedge funds and big money guys move in herds.
They get together and decide when to shift from sector to sector and when to get in /get out of certain stocks.
The guys selling REE and MCP right now, where the same guys selling LYC yesterday in Australia. Sector shift for the momentum traders
Rare Earths are out for the time being and that money is flowing into the chinesse interent companies DANG, YOKU, SINA etc. From one momentum sector to the next.
LYC is a waste of time right now unitl the big guys decide they want back into rare earths.
LYC is headed lower.
reason for drop, page-3
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Last
$6.39 |
Change
-0.015(0.23%) |
Mkt cap ! $5.977B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.47 | $6.34 | $6.417M | 999.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 7788 | $6.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.39 | 4373 | 17 |
View Market Depth
| Last trade - 10.47am 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |