Lynas Corp. Ltd. (LYSCF)

[Wild-bill]

Any hope here? I originally bought LYSCF in the $1.80's.

IMHO, we are at a buying spot. Lot's of negatives unrelated to Lynas in play right now. Aussie exposure to Asia with slowing growth (China mostly), "risk off" everywhere until the Eurozone fixes its problems, that caused the U.S. markets to start de-risking as well, Morgan Stanley and others with Aussie exposure likely dumping shares, ...

This last supported by the absolutely huge volumes seen on the ASX exchange on Lynas, 4 of the last 5 days 100M+ IIRC.

Today's U.S. volume spike (6.41M) should signal the end of the down trend when combined with the generally constant rise from ~10:15 low of $0.93 to close at $0.975.

I got out at $2.11, missing a lot of upside, and have been waiting, waiting, ...

Soon as a gap up and new trend up is established, I'm back in with a small core to start.

The least re-trace I can see would be to at least $1.5x area.

Caveat: the next "wall of worry" item for the markets will no doubt appear and make everything I've just said require reexamination.

MHO,
HardToLove