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Re: AugustaFriends post# 255220

Tuesday, 05/21/2013 6:24:56 PM

Tuesday, May 21, 2013 6:24:56 PM

Post# of 648992
I read that also. As far as REE goes, it needed a breather today. Should see $2.50+ by weeks end. Look at a long-term chart to see where this is going.

http://stockcharts.com/h-sc/ui?s=REE&p=W&b=5&g=0&id=p94426621229

Just for thought, I think the market in general is due for a hard retracement. When that happens, mining stocks, especially rare earths will move up nicely. Gold stocks will lag until gold finds a bottom. Rare earths though, have bottomed and turned on volume. Barron's has the following targets on REE:

REE Stock Price Targets
High: $12.25
Median: $9.12
Low: $6.00
Average: $9.12
Current Price: $2.23

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