the price has done HEAPS in a year....albeit down from 70c...ie...

the price has done HEAPS in a year....albeit down from 70c...ie it has absolutely tanked.

But honestly if people are true believers then now is the time to cost average to cover their longs. Eg if you are in at 70 then load up at 31 and cost average to the 40's or 50 range. This is a strategy I have used successfully with Asciano which tanked on me and cost averaged to buggery at its lowest of lows. But definitely not advice regarding LYCs future as I am neutral as to whether it will come out trumps. I have actually put in stops at 30c as I have been lucky enough to play a contrarian card on this stock at the high 20's but will happily accumulate regularly if it continues to uptrend from here. Hoping for all the "long" longs that it does really well over the next year. A real lesson in take your profits when they are there but hindsight is a wonderful thing.