JPM put a buy of, what was it $2.71, at the start of May on that big up day you can see on the candlestick chart. It is possible that they sold into that rally as price went to 2.30 in the following weeks, only to drop back under 2.00 after that.
It is possible that they put a buy on stocks that they want to offload. It's possible that they do not and price action is unrelated.
However I wouldn't be getting too excited about JPM's price target because price certainly didn't head towards 2.70 thru may and june.
If Lynas can get this plant up and running in early '12, we'll have to let the operations and the incoming dollars do the talking to effect share price.
jpm upgraded its target from $2.71 to $2.79. , page-9
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.85 |
Change
-0.090(1.13%) |
Mkt cap ! $7.337B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.85 | $7.70 | $22.48M | 2.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2285 | $7.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 6431 | 1 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |