LYC 2.72% $7.14 lynas rare earths limited

Today, the beginning of ‘the uptrend’, page-23

  1. 421 Posts.
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    I day trade for a living but I'm investing in LYC in my retirement account. I'm waiting for $2 simply because I see nothing that has changed since The Fear has set in. LYC is once again at the mercy of political winds in a backward country. The same Fear that nearly killed it is now eating away at its guts. There is nothing rational about fear so good fundamentals mean little. Round numbers, like $2, have psychological significance so odds are the bears can take price there. If it happens, I will add to my position. To have a world class company eviscerated by ignorance and fear is not in the best interest of the Malaysian people who, after incidents like Malaysian air flight 370, can use a break in the court of public opinion. So clearly they are not ready for prime time. On the plus side, unless the Lynas board is suicidal, they will build Lamp 2 elsewhere.
 
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Last
$7.14
Change
-0.200(2.72%)
Mkt cap ! $6.673B
Open High Low Value Volume
$7.34 $7.34 $7.13 $39.28M 5.467M

Buyers (Bids)

No. Vol. Price($)
1 1546 $7.13
 

Sellers (Offers)

Price($) Vol. No.
$7.15 72361 6
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
LYC (ASX) Chart
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