OptionsTrader555

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  • 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%.   [View news story]
    Molycorp is headed to 30+ within six months. I am long call options as well as the stock. MCP has clearly bottomed here.
    Jul 5, 2012. 09:50 PM | Likes Like |Link to Comment
  • 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%.   [View news story]
    I am very long this stock on a swing trade. Molycorp has a ton of upside potental. MCP to 30+ within six months.

    -Edward
    Jul 5, 2012. 06:29 PM | Likes Like |Link to Comment
  • With many rare-earth stocks (REMX) near 52-week lows, now may be the time to dig in to sector bargains, Jacob Securities' Luisa Moreno says. Prices for rare-earth elements "are approaching levels which are economic again," so she sees demand starting to pick up and prices stabilizing in H2. It may take time to affect stocks, but she likes MCP, TAS, MTCEF.PK, LYSCF.PK.   [View news story]
    MCP will see $30 a share in the next twelve months. The stock is a buy here at 20 for sure.
    Jun 14, 2012. 04:56 PM | 1 Like Like |Link to Comment
  • Molycorp (MCP) said yesterday it has completed its takeover of Canadian rare earth processor Neo Material Technologies, creating an integrated mine-to-magnetics company. It's a win-win, analyst Jon Hykawy told clients, as "not only should it significantly improve Molycorp's earnings but it also de-risks the start-up of Molycorp's own (processing) facility."   [View news story]
    Molycorp MCP is a Buy here. The stock will trader over 30 within twelve months.
    -William
    Jun 12, 2012. 01:10 PM | Likes Like |Link to Comment
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