I'm quite confident LYC will fill those gaps above at 84.5c and 79.5c at some point, just need to see a big shakeout or a decent consolidation period first. LYC just seems to always be grinding down then gapping up after a "positive" announcement then grinding down again. Still weeks (maybe more) away from first product, and can't see any announcements coming in the interim that will make it pop. With all the supply trapped above, a shakeout or consolidation / absorption period (pressure and time to shake out the weak) seem like the only things that will get this thing to move higher. On the other hand, got the constant fear of REO prices dropping further (potentially destroying LYC profit margin), SMSL exhausted legal avenues to stop the LAMP but now looking at more direct approaches, who knows when Malaysia's gonna change their mind again and suspend the TOL. Also got those muppets on The Project sniffing around the SMSL tweets for a negative story on the LAMP.
It would seem quite ridiculous to me that LAMP would get to first product only to have no profit margin, think this would more likely be set up as a sell the news event. In any case, I highly doubt shorters will be running for cover anytime soon.
- Forums
- ASX - By Stock
- LYC
- shorters in trouble, trying to cover very fast
shorters in trouble, trying to cover very fast, page-73
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.86 |
Change
0.160(2.08%) |
Mkt cap ! $7.356B |
Open | High | Low | Value | Volume |
$7.72 | $7.90 | $7.70 | $12.07M | 1.550M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 17396 | $7.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.87 | 7197 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 18771 | 7.860 |
22 | 17549 | 7.850 |
14 | 27014 | 7.840 |
12 | 14236 | 7.830 |
13 | 26033 | 7.820 |
Price($) | Vol. | No. |
---|---|---|
7.870 | 7376 | 24 |
7.880 | 24183 | 36 |
7.890 | 45156 | 14 |
7.900 | 165774 | 30 |
7.910 | 21313 | 7 |
Last trade - 14.42pm 27/09/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |