LYC 0.83% $6.01 lynas rare earths limited

short covering

  1. 22,471 Posts.
    lightbulb Created with Sketch. 769
    Today's lift in sales volume & SP seems to indicate that the shorters have started to cover.

    We are now only a few weeks away from the June Qtr ann. so the company will
    have to soon let out news.

    It wouldn't be a good look for the quarterly to include price sensitive info which
    should have been announced earlier as per the continuous disclosure regulations.

    My guess is that we'll see another minimalist ann. within the next week.
    If so the next few days should see high volume.

    Cheers
    Moorookamick

    PS: Where's cafa?
 
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