Very interesting article - May 20, 2011
http://seekingalpha.com/article/270969-rare-earth-stocks-not-reflecting-supply-demand-constraints?source=yahoo
""Lynas appears to be reaching extremely oversold levels and long term support. This is an area in which we have seen major reversals higher. I am confident about the progress of the facility in Malaysia and believe Lynas will truly be the first miner to the market outside of China. It is on sale and should hit our short term targets shortly.
The rare earth supply constraint continues to elevate prices sharply both inside and outside of China. Investors will not be asking much longer why rare earth mining stocks aren't moving in tandem. I believe we will see major gains in the second half of 2011 in these stocks and a large amount of strategic acquisitions by end users.""
lynas looking oversold ---now ready to rocket
Add LYC (ASX) to my watchlist
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Last
$6.52 |
Change
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Mkt cap ! $6.099B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.61 | $6.50 | $8.522M | 1.302M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 31 | 11442 | $6.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $6.52 | 35918 | 48 |
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| Last trade - 15.46pm 06/05/2024 (20 minute delay) ? |
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$6.51 |
Change
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| Open | High | Low | Volume | ||
| $6.60 | $6.61 | $6.49 | 572348 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| LYC (ASX) Chart |