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Molycorp (MCP +5.8%) posts its second straight strong gain, as the picture grows brighter: Large...

Molycorp (MCP +5.8%) posts its second straight strong gain, as the picture grows brighter: Large stockpiles of rare earths are finally starting to dwindle, and top competitor Lynas is undergoing regulatory problems with Malaysia's government. How much higher can MCP climb? Oracle's Laurence Balter has a $50 price target, but shares still would be shy of their 2011 summer high near $7.
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Comments (4)
  • erryl
    , contributor
    Comments (33) | Send Message
     
    Shares are tanking after hours, because CEO quit/fired. Nobody knows why.
    11 Dec 2012, 11:02 PM Reply Like
  • jerbear76
    , contributor
    Comments (4) | Send Message
     
    Don't you mean 2011 summer high near $70...!!!???
    12 Dec 2012, 01:00 AM Reply Like
  • AndrewBaker
    , contributor
    Comments (2442) | Send Message
     
    This is a great time to buy Molycorp (MCP). It is a rare earth business that mines and processes materials that are in demand and will be so for the foreseeable future. The SEC investigation and the CEO going are happenings that will clear any downside concerns and when more people realize this, the stock will soar. I'm buying more to add to my existing holdings.
    12 Dec 2012, 06:22 AM Reply Like
  • Laurent1962
    , contributor
    Comments (82) | Send Message
     
    2011 summer high near $75
    13 Dec 2012, 07:00 AM Reply Like
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