You should stop looking so short term IMO. A down day or 2 or 3 will not affect LYC's longer term plans and successes. In fact if you have idle investment capital it is quite possibly the best time to buy with the imminent TOL announcement by the minister. There are no guarantees in life, but there are calculated risks with potentially unusually large rewards.
Given the overall market sentiment overseas tonight and possibly for a day or 2 afterwards, it would not surprise to see the nervous and the shorters drop this stock to 1.00 - 1.05 again if the delay continues.
BUT, when the hopefully positive announcement comes, LYC will be on their way with these levels never to be seen again IMO.
tomorrow, page-3
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |