LYC 2.72% $7.14 lynas rare earths limited

Posters have been telling you all to hold onto your shares, to...

  1. 6,612 Posts.
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    Posters have been telling you all to hold onto your shares, to not give in to the so called 'manipulators, and to be brave amidst an ambush of scaremongering. This posting began a very long time ago, not when the price was at $1, or $1.60, but all the way up there at $2.70. The stock has fallen 70% and these posters still have it in them to tell you all that you simply can't sell otherwise you are a weak investor who is giving in to the forces that be.

    What utter rubbish.

    These posters will twist any story to make a positive out of it. If the stock is rising, then it is supposedly because big money is buying up for a reason, and that reason is that TOL is coming. If the stock is falling and is being further shorted, then it is supposedly because these shorters are so desperate before the TOL announcement that they will flush out as many holders as possible.

    Regardless of whether the stock rises or falls, these posters somehow can justify that the big money knows that the TOL announcement is just around the corner. Crazy, right?

    If a bearish broker report is released, it is supposedly to again flush out as many holders to get the price as low as possible so that the big money can accumulate before the TOL announcement. If posters aren't on the bullish bandwagon, it is supposedly to scare you into selling. All of it - craziness.

    I've had a gutfull of seeing posters thinking it is their right to tell others not to sell all the way down from $2.70. It is these same posters that lash out at the likes of mitta who's analysis of this stock is leaps and bounds above anyone else when it comes to LYC TA.

    Deep down it is these posters that are the weakest investors of the lot. The ones that post bullishly day after day to somehow convince themselves that they were right to ride this 70% slide in the share price. They are 'true' mum and dad investors. The no-bodies that get caught in a downtrend and the ones who lash out at short selling and alogirithmic trading when it has been proven that a stock prone to these market mechanisms can still rise if it is good enough. The fact that LYC is still falling isn't due to short selling or bots. If it was good enough, it would rise. It's not rising - its simply not good enough to.

    I've seen this same style of posting when PEN fell from 15c just after the Japanese power crisis, and all those on the long side told others to weather the storm and to not fold to so called 'manipulation'. It is now down 80%. You're being taken for a ride if you for one minute believe the tripe that comes out of the bandwagon LYC bulls about scaremonger tactics etc.

    The posters don't hold LYC because they are bullish on LYC. They are bullish on LYC because they hold LYC, and most of them have held the stock all the way down from its highs. Have a think about what that means. Rant over.

    FYI - don't hold a position in LYC either long or short, and am not affiliated with anyone with a position in LYC. I'm just sick of seeing outspoken LYC bulls try and suck everyone into thinking that everything is okay, when it clearly isn't. If it was, would the stock be going to 2yr lows?
 
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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
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
LYC (ASX) Chart
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