I totally agree with all you say. Always have always will. You should consider that SP is not only a function of operational performance but also the emotions of what people think of it. During last three years people enthusiasm pushed Lynas above its fair value by 2 to 3 X many green stocks up 5 or more times. When it starts to fall big time peoples emotion are like pendulums. They will not let the pendulum return to neutral but push it to the other side. You think you should hold during this swing, Then do it. For me I am out and will get back in only when I see the pendulum starts its return. You may be correct and me wrong but I will put my money based on what I have seen in 55 years of investing. Last 17 years it has been my only source of income. Lynas operational performance will have little to do with its SP for a couple of years. I can think of no better example that look at April 12th Stock closed at 9.83 APR 11 they had an absolutly fantastic Q report. today 9.00 down 9 %. Can you explain it any way but to say market attitude have changed? Please for your own investment future start spending 5% of your time looking at Lynas and 95 looking at what is going on around them. You will have better answers. I think Lynas SP will make more sense.
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$6.92 |
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Open | High | Low | Value | Volume |
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---|---|---|
2 | 5820 | $6.92 |
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1 | 430 | 6.820 |
4 | 2400 | 6.800 |
1 | 30 | 6.760 |
2 | 3400 | 6.750 |
Price($) | Vol. | No. |
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6.950 | 1000 | 1 |
6.970 | 599 | 1 |
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