Many people have shown many examples of why REE demand will grow dramatically in 2 to 3 years. They may be right and then Lynas will be a great opportunity. I am hoping they are correct because that will make me a buyer and it will be very profitable. Even a year is a long time to hold a declining stock. With time things change. No one saw the big drop in REE growth rate even 12~ 18 months ago. I said drop in growth rate It is still growing just not nearly as fast as predicted. So my forecast is for SP drops for next 6 to 12 months I will wait for that to pass and some real signs that REE is going up to where Lynas needs it. If it drops to 4 and I buy at 6 on way up I will be very happy. I have explained many times why it is a bad idea to try to catch the bottom. It is like a falling knife, much better to let it hit the ground then pick it up. Even if it gets banged up a little. Maybe some will not understand this but think of a sine wave is the high change at bottom or top? No, it is from 110 to 160 degrees. This really applies I am sure you all can figure out why.
LYC Price at posting:
$5.95 Sentiment: Sell Disclosure: Not Held
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