Deep sea rare earths

Discussion in 'Stocks & Derivatives' started by Peter, Sep 14, 2011.

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  1. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Just became long LYC at $0.98/share today.

    If things go south, I'll hold out for LAMP going online in 4Q, should generate some buying interest.
     
    Roswell Crash Survivor, Oct 3, 2011
    #21
  2. SilverSanchez

    SilverSanchez Active Member

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    Did you notice that Lynas got their debt funding and so the JPMorgan downgrade of Molycorp is effecting Lynas unfairly I assume. Maybe Lynas did get over heated +$2 share price, but at these prices Lynas looks great.

    The only real downer is the volitility of lynas - it can move 40% in one half day of trading (up or down)
     
    SilverSanchez, Oct 4, 2011
    #22
  3. SilverSanchez

    SilverSanchez Active Member

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    Roswell I think you are in a good possition for this stock, I think it may return to just over $1 (could trade less intraday) but ill be looking to buy more if the recent strength doesnt hold up.
     
    SilverSanchez, Oct 7, 2011
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  4. SilverSanchez

    SilverSanchez Active Member

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    WHATCH OUT LYNAS is gonna TANK! :)

    It held at $1 - get a feeling it might test 50-80c ! dont quote me but this stock doesnt have a lot of sure support levels under $1
     
    SilverSanchez, Oct 19, 2011
    #24
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