No offence, but if you have lost money on SYR, then you'll probably lose money anyway. This a reliable ASX200 stock.
Unfortunately it is the most shorted stock, partly due to the cyclical nature of graphite prices, partly due to concerns that Balama may over supply the market, and partly due to the strong extended rises and falls of its SP. If Balama does over supply prices may fall in the short term, but long term it could be a market maker. Nothing like being a world class asset in your sector.
The range on this stock is unbelievable, it can double its SP in 10 months, or likewise decrease. Both using a consistent trajectory. That is why it is attractive to both shorts and longs.
Right now it is pointless to talk about bearish or bullish buying, we are in a choppy market, and this stock is consolidating and just starting to ascend its next peak. (IMO) May take a while to get a giddyup , Trumps tariff agenda is creating bearish sentiment across markets.
Buy low, sell high. Or ... Short high, cover low. End of story. ITs in favour of the longs today I think.
SYR charts, page-73
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 (20min delay)
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Last
24.0¢ |
Change
0.020(9.09%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 26.0¢ | 23.8¢ | $2.041M | 8.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 753777 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 25021 | 3 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| SYR (ASX) Chart |
