I noticed the same thing. The big guys are churning their stock and driving down the price again and again. Basically shaking out the retail holders as best they can.
The good news for the LT holders (we get it very rarely) is that will all the stocks on the market LYC is the one they want the most (being the most shorted). We all know they paid 75c for it a little while ago- so obviously they value it more than that. Therefore they must see it as the stock with most upward potential.
Once the think they can get no more shares from the retail sector they will ride up the share price as much as they can before trying to sell them back to us at a higher prices. This is when you will start to hear all the positives about the company and how there is no risk etc etc.
I noticed the same thing. The big guys are churning their stock...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 6808 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |