Molycorp rises on heavy volume

|By:, SA News Editor

Molycorp (MCP +6.9%) rallies sharply in morning trading.

Perhaps helping to tip sentiment is SA contributor Hawkinvest, who thinks the stock may be poised for gains going into the new year.

"Many shorts have significant gains [in 2014] and it ... stands to reason that it could be desirable for them to wait until January to cover since this will allow them to defer taxes on the gains for an additional year," the author says.

The piece also outlines some "longer-term" arguments for owning the stock.