I was reading my monthly news letter from MS and there was an interesting article how much the markets rose in July. The article said it would continue to rise for a while but be start falling soon for rest of year. So I started thinking about how Lynas and ASK compared here is my chart
1-Jul 29-Jul % change 1 Lynas 8.96 8.71 -2.79% 2 ASX 200 6,540 6,950 6.27% 3 Nasdaq comp. 11,127 12,391 11.36% 4 S & P 500 4,130 4,825 16.83% 5 DJI 31,097 32,845 5.62%
Now since the MT weld expansion was announced the stock has gone up alot and is just under 10.00 to day. what I do not understand is why this is such a big positive. Plan for 2025 was suppose to be well thought out and all parts matched. So why suddenly do they need all this capacity by 2024? They gave no explanation where this material is going. What it will do. This will also draw total cash down below 300M when combined with what is still needed in 2025 plan.
JMO but I think there may be a great sell and rebuy opportunity here. Many think I am a fool so maybe best to not listen.
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$6.40 |
Change
-0.005(0.08%) |
Mkt cap ! $5.986B |
Open | High | Low | Value | Volume |
$6.47 | $6.48 | $6.34 | $15.45M | 2.406M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
69 | 24853 | $6.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.40 | 23048 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
75 | 29546 | 6.390 |
36 | 31137 | 6.380 |
16 | 34920 | 6.370 |
15 | 51204 | 6.360 |
11 | 29260 | 6.350 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 20876 | 41 |
6.410 | 57148 | 27 |
6.420 | 55433 | 16 |
6.430 | 32530 | 13 |
6.440 | 17046 | 9 |
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