For me it is pretty obvious what has happened here. GS and UBS with their $1.30 12 month price targets have put cap on the people's expectations. Those investors have exited for greener pastures. I'm not saying that $1.30 is where DML will be in 12 months (I expect more), however when the herd begins to move, many end up joining and this becomes self fulfilling.
I do not hold, and do like the story, but for me there just isnt enough of a % gain in DML for my strategy. Perhaps at around 80c-90c, I will see good value with an expect 100% over 12 months from there.
DML Price at posting:
$1.03 Sentiment: None Disclosure: Not Held
