Please forgive this cross-post from another thread, but this thread seems to be the one with the legs...
Friday was no Mum and Dad sell-off. Not 108 million shares for $190 million-odd. That was fundies. And they reacted to the media. That's what we pay "analysts' the big dollars for. Hah...!
Lynas up in the US overnight, and the Dow up 168 points while we were down yesterday.
Poor old Australia - can't do a thing right!
At least JP Morgan's new, upgraded target is more realistic, and at least they appear to have read and interpreted the report properly.
LYC should bounce pretty solidly next week, and all those who sold or were stopped out yesterday will be regretting it.
And any shorters had better start covering their shorts quick smart....
LYC Price at posting:
$1.75 Sentiment: LT Buy Disclosure: Held
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