After that big brave ( unusual ) move shorting over 1 % of shares on issue monday the 18th , (obviously done on a leak of the quarterly ) , meaning the total for the the five days was above 16 million , way above normal , but considering todays rise coupled with last fridays lift off the bottom, it appears a failure so far . Friday fed into it or attempted to with the 1.8 mill shorts , but it just hasn’t happened , some short covering today I imagine , helped the reversal.
”Of lynas of old “ they may of been still dreaming of , when the share price was to be played with / = generally ending lower after good / great announcements , ( all old hands know this ) this is more proof that the company maybe cannot be played about with as it once was , Wesfarmers being “ the last hurrah “ a failure also . Lynas just gets better every day , and in every way , now on steroids. imho.
LYC Price at posting:
$7.03 Sentiment: Buy Disclosure: Held
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