"Then look at what has happened to stocks with high MC to book and high PEs during every correction and recession in history. Then come back and tell us why you should not be very concerned with what happens over next year to 18 months. Why you should not see it as a great chance to own a lot more Lynas shares, buy selling, waiting and buying back".
. What you are advocating leads to whipsawing in practise. You will be jumping out every time the market has a little correction, or selling at the worst time when you realise things are more serious and crystallising your losses and then having to worry about buying back in again. In other words it only works in hindsight.
LYC Price at posting:
$9.73 Sentiment: Hold Disclosure: Held
(20min delay)