Molycorp, Inc. Message Board
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This Stock Is Too Crazy
The way it moves has no rhyme or reason. It's just random movement. Up, down, no trend. Yesterday it dropped $3 from it's high, then jumped $3 at the last half hour. Total insanity. The only pattern I can see is it seems to rise at the end of the day on short covering by day traders. If anyone else can figure this out, let me know.
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that is why I do not like this stock . It is not working on any fundementals at all . it just works on what china says . No product and the stock price act like that they found all the depoistories in those mines ..
I think this will be the next CDTID
just watch out -
mcp rises and falls with the news and hype. if you can predict that the you will be rich.
- 1 Reply to ttmvegas2004
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I might be able to call grand ma and ask her christal ball! ;o)
Best of luck for the next 45 min ride...
Do u think QE2 might influence somewhat?
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In fact we are building a support level due to lack of history on the value...
We identified several support/resistance level:
32 34 35 40...
Now the stock is crossing the bollinger band horizontally until it will pass on the other side of the band then after this... Fundamentals should speak for themselves = BYE BYE!
http://stockcharts.com/h-sc/ui?s=MCP&p=D&b=5&g=0&id=p94436093778- 1 Reply to doc220us
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...TOPPING.
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WARNING TECHNICAL!
Value is middle of the bollinger band w§ all indexes at max value (MACD, RSI, STO)...
95% of chance to get nasty drop in the next hour. -
its actually very simple last few days
they are trading the range buy 33 sell 35
if that falls through it crashes to next support
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