Seeking Alpha
  • Mercy Jimenez
    Stopped watching MCP for a trade; IMHO sinking deeper; it is not the quality company I am willing to get "stuck" with for awhile if need be
    8/3/12
    Reply (14)
    • neobliviscar: Went to SEC, printed it out and read it over lunch outside. Did my Hockus-Pocus valuation and think $9.50 to $10 for safe buy, but such...
      8/3/12
    • neobliviscar: serious cash flow problems, pricing issues, market Beta, etc that I wanted to find a safer way to play it. Haven't found it yet.
      8/3/12
    • Mercy Jimenez: May also be interested in TB's comment (good knowledge) in REE Concentrator re: why he bought MCP @$11.75 http://seekingalpha.com/c/4sztp
      8/3/12
    • 458402: mcp.a?
      8/3/12
    • realornot: I will stay the heck out of this one if you are hoping for a great turnaround.
      8/3/12
    • realornot: Mercy: Stuck is not word for this one. Sink may be. Watch out!
      8/3/12
    • realornot: Cost will accelerate as revenue is slowing down.
      8/3/12
    • Mercy Jimenez: Have NO hopes 4 MCP turnaround; was going 2 play oversold scalp+violate my own trading rule: trade only what I don't mind holding if need be
      8/3/12
    • realornot: This thing is likely going bounce around at the bottom today. A much bigger collapse is coming... KCG is a better play & hope.Money is there
      8/3/12
    • neobliviscar: Was watching KCG trade $1.50 after hours. Wanted to sell mix $2.50 & $4 puts, but didn't step into the equity. Would have been a nice $10k!
      8/3/12
    • neobliviscar: Thought it would go to $5.. IF it didn't bankrupt. Looks a bit baked in already...
      8/3/12
    • neobliviscar: Typo.. meant to say KCG at $1.90. I was waiting until "Whites of their Eyeballs" to put on $10k worth of positions at $1.50 -Never Happened-
      8/3/12
    • Ocean Man: Don't forget about the still lingering shareholder lawsuits against the MCP execs for selling huge amounts when the stock was much higher.
      8/5/12
    • Mercy Jimenez: Excellent point OM! http://yhoo.it/Rpbevc
      8/5/12
      From other sites