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$5.28 galaxy resources limited

Morgan Stanley have been providing investment banking services...

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Wary1

2,557 Posts.

1705

28/06/19

10:12

Post #: 39282591
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Originally posted by dolphinwrestler: ↑

I had been anticipating a much worse day today, but it did end up being a storm in a teacup. Didn't stop UBS doing their best to break sentiment.

25/06 - Galaxy Resources Price Target Cut 31% to A$1.45/Share by Morgan Stanley

27/06 - Galaxy Target Price Cut 39% to A$1.40/Share by UBS

I usually ignore the comments here regarding shorters getting burned etc. The large institutional shorters will have the door held open for their exit. It's just the small scale shorters that get hung out to dry.

The recent re-rates looke well timed to break sentiment to hold the door open.

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Morgan Stanley have been providing investment banking services to Galaxy. I wonder what value they have added?

GXY Price at posting: $1.26 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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