Thanks 5hareholder, I am not being cynical either as I think it is a very good post even if you consider me to be one of those who you are addressing. In one of my previous posts I stated that I usually trade on gut feeling ( actually with a bit of TA and FA)and it seems to work most of the time. The one time it didn't was when I rode a small goldie into the ground because I fell in love with it so to speak. My posts aren't meant to ramp either way but I have seen a couple of my mates panic with their shareholding and sell out at huge losses and leave the market, never to return again. The last two days is exactly the same scenario especially with articles such as FNarena's latest on LYC. I think a lot of experienced traders are churning it over atm and with the gloom and doom around a lot become despodent and may be inclined to sell up and run when really at this time nothing has changed. Nothing has changed and the fundamentals of this company are very good. good luck with your investing
Oil
LYC Price at posting:
75.5¢ Sentiment: None Disclosure: Held
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