SBM TRADING BUY CALL ON LONMIN at 668p
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As with our recent Trading Buy calls, we simply think Lonmins valuation is at a 10 year trough, the stocks excessively oversold and is ripe for a takeout.
Below is the 10 day chart – regular readers will note a familiar pattern here that sets itself up for a nice swing buy trade.
Long @ 668p Target the gap fill @ 710p & possibly 730-750p over the ensuing days.
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