CSFB are the only of the four brokers following Nylex with less than buy,others are one buy & two strong buy.They downgraded to underperform but said they would upgrade if the result is good.It is good so they should upgrade to hold or buy & raise the price expected.Since everything has been doom&gloom since their downgrade,maybe they caused a lot of it, so if they reverse thier decision then the buyers should come back.This is especially since a lot of favourites like banks,oil co's,metals,Telstra etc are out of favour.Everyone is still paying their 9% compilsory superannuation and it has to go somewhere.
NLX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
