I would think that there are quite a few who will trade in their shares in order to protect their capital in view of the Eurozone mess. Actually I think the hedge funds would love that.
Someone said recently that only 24% of the share base is held by retail investors. So I would not be surprised if the Funds are after a slice of that percentage. They want it because Lynas is a sure bet and a four-five bagger in the next 3 years. Lynas has the potential to turn a lot of people into millionaires.Especially if you are in the 701 Club!
But if there is a sell-off, I wonder if the Hedgies will short it again because if I was going to sell and I might (along with a lot of others here IMHO) I would be waiting in the wings for those buggers to short it again and I would be right back in as soon as they got it to a nice number.
I too can play their game, so methinks they may try a different strategy to keep us out.....or would they? That is the question.
I would think that there are quite a few who will trade in their...
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Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 6808 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |