Can Molycorp Survive The REE Downturn [View article]
I would suggest you read up on a fellow S.A. Author "Shock Exchange's" last 8 or so months of info. I was a bull back when he started his (MCP) bashing but he was almost 100% RIGHT AND with in days in a few cases where he talked about many things. One of his more recent ones was on the mined material (Stock) were they may / should be having a larger right down. The did not do it this past quarter but it could still be in the works.
I agree with others about China and the REE Pricing is the 2 items are the hurdle for them now with the Debt taken on for the expansions. Yes the 2nd phase expansion is on hold but completing the 1st stage as well as the recycle plant. both coming on line late 2nd/early 3rd quarters so until then it is HIGH RISK stock. I sold out of my shares last week on the pop, it was a modest amount of shares and after holding too long last year I'm in the hole slightly. Mark
Why Corning Is A Sell Above $15 And A Buy At $13 Or Less [View article]
I'm no longer a HOLDER of (GLW) I sold out of my very modest holdings today in the high volume end of day tick. Profit was 25% (+ div so maybe 30% overall?) Not best trade but after 16+ months holding (bought in Jan 12) it was time to free up the capital.
I'm in agreement with the author on the overbought condition and the fact the entire market is reaching this same near term overbought condition. Does that mean I'm a BEAR ? (NOPE) I'm a firm bull but also know we need to pay our dues on the pretty long bull run. Can the run keep going? SURE it can but WILL IT? I held too long in 2009 and in 2011 getting out with some profits & buying back after everything stabilized some.
So in last 5 years (how long I have been in the markets, I'm up over that term 50% give or take so I'm sticking with MY instincts.) Sell for profit and keep an eye out for dips in the market, BTW I have sold short in past and will be watching to do so again real soon Mark..
Why Corning Is A Sell Above $15 And A Buy At $13 Or Less [View article]
I was looking at the same issues you explained above. I have one problem that is sticking me in the side a bit is the fact they are still buying their stock in open market. Last night they picked up 200,000 shares at close in the $15.30 range.
I'm not sure what to make of the next part below.
Today (17th) they filed a 8K regarding chapter 11 of the old Pittsburgh Corning co. and it's Asbestos liability. Which if any additional $ value would be needed their 50% would/could be in shares at time of the trust value determines the need at future dates. So there at some point could be additional shares placed into a trust which would have ability to sell said shares to pay for legal needs of the trust on medical damages.
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
Alan:
I loved 1, 3, 9 & 10 :).
Ya still been watching but not sure I can get behind any of them at this juncture (see wait for the clinical research above.) I know making $ is making $ but sometime if you can't see the real base then best to hold off...
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
(Best Tommy Chong voice)
Heeey MAaaann it's ssooo haarrd maan tooo you knooww get stuff filed on time maann it's like reallly reallly hard mannn. Alsoo there's like tons & tons of numbers inn stuff.
lol
Ok nuff funning ya. Looks like I'm glad to have stayed away from these "stocks" in the mean time just because long term viability of their products on the street/pharmacy level.
Oil production from Ohio's Utica shale was lower in 2012 than first anticipated but will be "incidental" to gas output in much of the play, Ohio regulators say. Oil production averaged 1,742 bbl/day, while gas totaled 35M cf/day. Chesapeake (CHK) was by far the largest producer, with total 2012 output of 10B cf of gas, followed by Hess (HES) and Gulfport (GPOR); Devon Energy (DVN) produced no gas from its five wells.[View news story]
Who would have thought Ohio and PA would get there Oil Production up so high ever again? Sure back in 1890's thru 1940's we were big but huh...
BNY Mellon (BK) is appealing last week's ruling allowing Chesapeake Energy (CHK) to proceed with redeeming $1.3B in bonds six years early and save CHK ~$100M in interest payments through lower rates. In court hearings before the trial, neither party could explain to the judge how an appeal might work, since the early redemption has already been put in motion and is scheduled to be executed today. [View news story]
(BK) MNY Mellon is just wasting court time and legal fees. It has been ruled on and on any loan agreement you can pay it back early. When paid back early the bank does not receive the interest which is what they want.
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
Shock Exchange:
I have a couple Questions you may be able to research and or help on.
One on REE Use, I'm not stating this as fact but I do own shares of (CDTI) Clean Diesel Tech uses REE's "of some type" in place of Platinum Group Metals in their automotive and heavy truck catalyst systems. I have not checked into WHO or WHAT VERSION of REE's they use. I don't know who they get their REEs from but they (last year) hooked Honda motor corp and have been selling them this type of after treatment for all of their US built Accords and (other models / brands) of their line are looking at going this same direction. Would this possibly be something that can move the needle some for (MCP) as a US supplier of REE's ? Again not sure who or where these REEs are coming from at this time as it appears proprietary.
On to the Short Question, do you see (MCP) as one of the continuing SQUEEZE stocks like (TSLA) OR (FSLR) where shorts keep getting knocked out while others keep buying on the momentum stocks where shares are pushing the bears farther into losses ? and or the Bears cover, and re-short up 20% only to have to re-cover and try again?
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
FLANN:
That is basically my take as well, the Alkali plant will be on-line (some time 3rd quarter not specific to a date.) They are finishing phase 1 expansion as well sometime soon, in 2nd quarter was my understanding maybe late in the quarter as they are not pushing for fast time to limit how much cost of this expansion.
They will LIMIT their production as the pricing is still low, therefor taking some of the excess inventory out of the supply. They will do so by using up already mined feed stock and stop the mining of additional raw materials. This way they use up some of the materials on the books instead of righting down it's value they will stop adding new material & use up the old stock.
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
S.E. I saw you are pondering your June Puts, perhaps they are not worth much now after the shorts are covering.
As of the first part of the month there were (increasing month over month) to 45.7 million shares short. That is about 7.5days Normal Volume, after today's 60.8 million volume is/was by all means a good bit of those SHORTS attempting to cover. I dont think they have made it yet and bet about 1/4 are getting ready to try & re-short it in the 8 to 10 range or even doubling down.
I set up a sell order for my shares in after hours last night, expecting it to reach it last night of $7.55 (nope it didn't sell) and I set up a 8.05 sell order this morning fully expecting it to have some pops/blips hit that mark. It was close but not yet sold, so still watching for short covering and the volume levels, the close large sell was one point if I had been watching would have went ahead and clicked the lower my price. I was out so will keep a hold of it for the weekend and maybe more.
More on Molycorp's (MCP) Q1 results: Says production ramp-up at Mountain Pass remains on course, and increasing production is allowing production for end-use customers and providing greater feedstock to downstream, value-added processing facilities. Sees signs of a return to more normal demand levels as the year progresses. Continues to expect H1 results weaker than H2 2012. Shares +8.9% AH. [View news story]
7.2days to cover the shorts, and 28% short interest that increased last 3 months. So like Tesla by this time tomorrow there will be some short blood in the streets.
AH was up near 6.50 for a bit. I have some shares bought at 5 so doing OK should be able to re-coup some of my loss from holding it back when it was 8 and selling it at 7.
Will it get back to that 8 range? I hope so but with the high short interest this market has just been hunting the bears for sport leaving the blood running in the street.
I pretty much agree that the bottom has held and is in a uptick. If we can break thru the 19.50's the next worry would be to break above 20 and 22. Holding above the 19. for now is a good sign. We already seen great Auto and Housing numbers next will be a better industrial PMI to push it back into the low 32 to 33 range.
I agree, unfortunately I bought in the open market on the dip after the (LOCAL CA NEWSPAPER) reported on (XIDE) Vernon facility. NOTE we as average investors had no access to this LOCAL NEWS so not sure how SEC has not done something about this leak in a local newspaper with no national/SEC notice given to other investors.
I paid in the $2.50 range for eight hundred shares (after it hit a set price notice I had set up almost a year earlier.) I got the notice and did some quick digging finding no (non local news issues from above) on the company as a major problem. I saw the price ranges as a long term support & it appeared to hold and getting tempted I pulled the trigger.
I did buy in tranches on way down but stopped at the 1.50 range (after the 13G/A from Norway Bank investing in same price range) with thought I had invested more than I was willing to lose already. This was still prior to most of the news coming out on the again (Dang LOCAL BREAKING NEWS.) (Seems like some SEC investigations need done on these sudden falls and short trades on news that can not be had for the average investor.)
I am wondering now if they will be able to walk away from the issues or repair the Vernon facility back to functional. I can't locate much on them on general websites other than authors posts and similar.
no real news and little info thru SEC. at this point so not buying but at the (.60~70cent range) not worth selling.
Can Molycorp Survive The REE Downturn [View article]
I agree with others about China and the REE Pricing is the 2 items are the hurdle for them now with the Debt taken on for the expansions. Yes the 2nd phase expansion is on hold but completing the 1st stage as well as the recycle plant. both coming on line late 2nd/early 3rd quarters so until then it is HIGH RISK stock. I sold out of my shares last week on the pop, it was a modest amount of shares and after holding too long last year I'm in the hole slightly.
Mark
Why Corning Is A Sell Above $15 And A Buy At $13 Or Less [View article]
I'm in agreement with the author on the overbought condition and the fact the entire market is reaching this same near term overbought condition. Does that mean I'm a BEAR ? (NOPE) I'm a firm bull but also know we need to pay our dues on the pretty long bull run. Can the run keep going? SURE it can but WILL IT? I held too long in 2009 and in 2011 getting out with some profits & buying back after everything stabilized some.
So in last 5 years (how long I have been in the markets, I'm up over that term 50% give or take so I'm sticking with MY instincts.) Sell for profit and keep an eye out for dips in the market, BTW I have sold short in past and will be watching to do so again real soon
Mark..
Why Corning Is A Sell Above $15 And A Buy At $13 Or Less [View article]
I'm not sure what to make of the next part below.
Today (17th) they filed a 8K regarding chapter 11 of the old Pittsburgh Corning co. and it's Asbestos liability. Which if any additional $ value would be needed their 50% would/could be in shares at time of the trust value determines the need at future dates. So there at some point could be additional shares placed into a trust which would have ability to sell said shares to pay for legal needs of the trust on medical damages.
Mark
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
I loved 1, 3, 9 & 10 :).
Ya still been watching but not sure I can get behind any of them at this juncture (see wait for the clinical research above.) I know making $ is making $ but sometime if you can't see the real base then best to hold off...
Mark
Medical Marijuana Inc. Q1 Report Feeds The Bears But Gives Bulls Some Promise [View article]
Heeey MAaaann it's ssooo haarrd maan tooo you knooww get stuff filed on time maann it's like reallly reallly hard mannn. Alsoo there's like tons & tons of numbers inn stuff.
lol
Ok nuff funning ya. Looks like I'm glad to have stayed away from these "stocks" in the mean time just because long term viability of their products on the street/pharmacy level.
Mark
Oil production from Ohio's Utica shale was lower in 2012 than first anticipated but will be "incidental" to gas output in much of the play, Ohio regulators say. Oil production averaged 1,742 bbl/day, while gas totaled 35M cf/day. Chesapeake (CHK) was by far the largest producer, with total 2012 output of 10B cf of gas, followed by Hess (HES) and Gulfport (GPOR); Devon Energy (DVN) produced no gas from its five wells. [View news story]
M in Utica Shale Ohio w property to lease ;)
The Bottom Is Here With DryShips [View article]
Mark
BNY Mellon (BK) is appealing last week's ruling allowing Chesapeake Energy (CHK) to proceed with redeeming $1.3B in bonds six years early and save CHK ~$100M in interest payments through lower rates. In court hearings before the trial, neither party could explain to the judge how an appeal might work, since the early redemption has already been put in motion and is scheduled to be executed today. [View news story]
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
I have a couple Questions you may be able to research and or help on.
One on REE Use, I'm not stating this as fact but I do own shares of (CDTI) Clean Diesel Tech uses REE's "of some type" in place of Platinum Group Metals in their automotive and heavy truck catalyst systems. I have not checked into WHO or WHAT VERSION of REE's they use. I don't know who they get their REEs from but they (last year) hooked Honda motor corp and have been selling them this type of after treatment for all of their US built Accords and (other models / brands) of their line are looking at going this same direction. Would this possibly be something that can move the needle some for (MCP) as a US supplier of REE's ? Again not sure who or where these REEs are coming from at this time as it appears proprietary.
On to the Short Question, do you see (MCP) as one of the continuing SQUEEZE stocks like (TSLA) OR (FSLR) where shorts keep getting knocked out while others keep buying on the momentum stocks where shares are pushing the bears farther into losses ? and or the Bears cover, and re-short up 20% only to have to re-cover and try again?
this is a new point as well 'http://seekingalpha.co...
Mark
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
That is basically my take as well, the Alkali plant will be on-line (some time 3rd quarter not specific to a date.) They are finishing phase 1 expansion as well sometime soon, in 2nd quarter was my understanding maybe late in the quarter as they are not pushing for fast time to limit how much cost of this expansion.
They will LIMIT their production as the pricing is still low, therefor taking some of the excess inventory out of the supply. They will do so by using up already mined feed stock and stop the mining of additional raw materials. This way they use up some of the materials on the books instead of righting down it's value they will stop adding new material & use up the old stock.
Mark
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
As of the first part of the month there were (increasing month over month) to 45.7 million shares short. That is about 7.5days Normal Volume, after today's 60.8 million volume is/was by all means a good bit of those SHORTS attempting to cover. I dont think they have made it yet and bet about 1/4 are getting ready to try & re-short it in the 8 to 10 range or even doubling down.
I set up a sell order for my shares in after hours last night, expecting it to reach it last night of $7.55 (nope it didn't sell) and I set up a 8.05 sell order this morning fully expecting it to have some pops/blips hit that mark. It was close but not yet sold, so still watching for short covering and the volume levels, the close large sell was one point if I had been watching would have went ahead and clicked the lower my price. I was out so will keep a hold of it for the weekend and maybe more.
Mark
Chesapeake Sells Granite Wash Midstream Assets To MarkWest: Quick Read [View article]
M
More on Molycorp's (MCP) Q1 results: Says production ramp-up at Mountain Pass remains on course, and increasing production is allowing production for end-use customers and providing greater feedstock to downstream, value-added processing facilities. Sees signs of a return to more normal demand levels as the year progresses. Continues to expect H1 results weaker than H2 2012. Shares +8.9% AH. [View news story]
AH was up near 6.50 for a bit. I have some shares bought at 5 so doing OK should be able to re-coup some of my loss from holding it back when it was 8 and selling it at 7.
Will it get back to that 8 range? I hope so but with the high short interest this market has just been hunting the bears for sport leaving the blood running in the street.
M
Shorting U.S. Steel [View article]
I pretty much agree that the bottom has held and is in a uptick. If we can break thru the 19.50's the next worry would be to break above 20 and 22. Holding above the 19. for now is a good sign. We already seen great Auto and Housing numbers next will be a better industrial PMI to push it back into the low 32 to 33 range.
M
Selling Exide [View article]
I agree, unfortunately I bought in the open market on the dip after the (LOCAL CA NEWSPAPER) reported on (XIDE) Vernon facility. NOTE we as average investors had no access to this LOCAL NEWS so not sure how SEC has not done something about this leak in a local newspaper with no national/SEC notice given to other investors.
I paid in the $2.50 range for eight hundred shares (after it hit a set price notice I had set up almost a year earlier.) I got the notice and did some quick digging finding no (non local news issues from above) on the company as a major problem. I saw the price ranges as a long term support & it appeared to hold and getting tempted I pulled the trigger.
I did buy in tranches on way down but stopped at the 1.50 range (after the 13G/A from Norway Bank investing in same price range) with thought I had invested more than I was willing to lose already. This was still prior to most of the news coming out on the again (Dang LOCAL BREAKING NEWS.) (Seems like some SEC investigations need done on these sudden falls and short trades on news that can not be had for the average investor.)
I am wondering now if they will be able to walk away from the issues or repair the Vernon facility back to functional. I can't locate much on them on general websites other than authors posts and similar.
no real news and little info thru SEC. at this point so not buying but at the (.60~70cent range) not worth selling.
Mark