LYC 0.39% $7.75 lynas rare earths limited

ridiculous, page-21

  1. 5,801 Posts.
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    Now where have I heard that before? Many times?

    The bots took it down to a new low for the day, to close absolutely flat. Nice bearish big red candle for the TA crowd, closing on the low. Not a good look for a company that is now getting the good news.....

    Yes, yes - I know about the fundamentals. That's why I still have all my shares from way back. And I don't need to average UP at 87c either - I have enough already.

    One really has to wonder what is in the minds of those who are (a) selling, and (b) shorting - not the same thing.

    Where do they hope to end up? Is this just a last gasp at sucking money out of the market, and then they all go and cover in the dark pools by buying shares that other instos bought at cheaper prices?

    I certainly can't see any burning shorts, no short-covering rally, or even a whiff of desperation among the sellers. There are, once again, twice the number of shares on the sell side as the buy side. Back to situation normal for LYC.

 
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