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
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B |
Open | High | Low | Value | Volume |
$7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6556 | $7.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.77 | 3385 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6556 | 7.730 |
3 | 12284 | 7.710 |
1 | 9401 | 7.700 |
2 | 30653 | 7.690 |
2 | 18250 | 7.680 |
Price($) | Vol. | No. |
---|---|---|
7.770 | 3385 | 1 |
7.780 | 12284 | 3 |
7.790 | 9401 | 1 |
7.800 | 12151 | 2 |
7.810 | 9401 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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LYC (ASX) Chart |