LYC 0.48% $6.26 lynas rare earths limited

where do you plan to buy?

  1. 316 Posts.
    We all know Lynas has a good long term future on fundamentals. However in the near term it is likely to go down in price further. GS recently put out a trade rec to short US S&P targeting 5% downside in the next month based on deteorating US economic data like the last Philly Fed and the helicopter Ben's dissapointment in not doing QE3 at the last FOMC. This would put Lynas at a minimum 5% lower from current levels, probably a fair bit more as it is a higher beta stock. The general market declining will definitely smack Lynas lower.

    So teh question is where do you buy? Personally I think 75 cents sounds a fair target to buy more Lynas and is realistically achieveable over the next few months, what levels is everyone else thinking? Before you scream out "oh its a screaming buy already", so many have been saying that from $2 ignoring the macro issues out there and have been horribly wrong.... they are now in a position unlikely to recoup your losses for quite a few years. Always better to try and buy stock on dips towards the bottom.....
 
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Last
$6.26
Change
-0.030(0.48%)
Mkt cap ! $5.851B
Open High Low Value Volume
$6.29 $6.30 $6.24 $12.71M 2.028M

Buyers (Bids)

No. Vol. Price($)
5 13629 $6.25
 

Sellers (Offers)

Price($) Vol. No.
$6.27 9053 2
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Last trade - 16.10pm 18/07/2024 (20 minute delay) ?
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