LYC 0.63% $6.41 lynas rare earths limited

I day trade for a living but I'm investing in LYC in my...

  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
$6.41
Change
0.040(0.63%)
Mkt cap ! $5.991B
Open High Low Value Volume
$6.45 $6.49 $6.40 $13.34M 2.079M

Buyers (Bids)

No. Vol. Price($)
2 13384 $6.41
 

Sellers (Offers)

Price($) Vol. No.
$6.42 13471 2
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Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
LYC (ASX) Chart
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