Thats so cliche it's pathetic.
The power of fear and negative sentiment can easily overcome money.
I know of one Li stock that is debt free and is earning approximately A$120m pa in the bank, yet due to poor sentiment surrounding the Li sector, oversupply fears, the companies MC is less than Lynas.
I believe you are totally underestimating the fear and poor sentiment created by "The Malaysia Effect".
Today's chart & trading, page-608
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 (20min delay)
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |