Seeking Alpha

Molycorp rises on heavy volume

  • 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.
Comments (3)
  • SivBum
    , contributor
    Comments (1859) | Send Message
     
    It takes a few trading days to take delivery of stocks. Time is now for record of ownership on Jan 1, 2014?
    27 Dec 2013, 10:52 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5659) | Send Message
     
    I think (MCP) is worth something.
    27 Dec 2013, 11:53 AM Reply Like
  • jgouin
    , contributor
    Comments (16) | Send Message
     
    sold calls at $5.50 strike ......I hope I get bought out!
    27 Dec 2013, 12:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs