LYC 2.90% $6.37 lynas rare earths limited

the most ingenious short cover to witness, page-24

  1. al1
    2,005 Posts.
    lightbulb Created with Sketch. 31
    don't forget that the lower the closing price on fridays close the bigger the paper tax losses the big shareholders will have to offset against profits they have made in the 2012 tax year
    ..so thats less tax they pay...and more shares they have

    these big players watch the charts too and set the direction they want them to go...
    just when the chart says its bottomed and it should go up...they pull the plug after everyone buys thinking its the bottom

    and for those that have put their stop losses into the market place.....they can be seen by the companies you deal with...they know where they are and the quantities....

    same pattern is appearing in other stocks at this time and the euro mess is making it easy pickings for the big holders.....
    toss in the anti lynas misfits in malayasia and it just makes it so much easier to panic investors and rip them off

    good luck to all...

    its just not confined to Lynas....its widespread

    still watching just can't budge from my present positions to buy some Lynas as yet...
 
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Last
$6.37
Change
-0.190(2.90%)
Mkt cap ! $5.954B
Open High Low Value Volume
$6.53 $6.55 $6.35 $21.07M 3.291M

Buyers (Bids)

No. Vol. Price($)
6 11945 $6.36
 

Sellers (Offers)

Price($) Vol. No.
$6.37 99 1
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Last trade - 16.10pm 08/07/2024 (20 minute delay) ?
LYC (ASX) Chart
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