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Rare earth stocks give up much of their big early gains that followed a report of China hoarding...

Rare earth stocks give up much of their big early gains that followed a report of China hoarding the materials as prices continue to fall. Upon closer scrutiny, little is known about how much is going to stockpiles, whether exports will cease, how China would get prices up without foreign customers and whether it will exempt Chinese end-users. MCP +1.1%, AVL +2.5%, REE +1.7%.
Comments (2)
  • OptionsTrader555
    , contributor
    Comments (4) | Send Message
     
    I am very long this stock on a swing trade. Molycorp has a ton of upside potental. MCP to 30+ within six months.

     

    -Edward
    5 Jul 2012, 06:29 PM Reply Like
  • OptionsTrader555
    , contributor
    Comments (4) | Send Message
     
    Molycorp is headed to 30+ within six months. I am long call options as well as the stock. MCP has clearly bottomed here.
    5 Jul 2012, 09:50 PM Reply Like
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