Massive imbalance of MCP Oct calls vs. puts guarantees MCP dive into single digits
All rare earths look terrible again today, in the worst bear sector in history, and I see NO hope for MCP survival.
Baggies, I was 100% correct in warning against junior rare earths, particularly QRM, AVL, REE, etc., more than a year ago....100% correct in warning against senior rare earths like this MCP disaster...and amateur dupes ignore me at risk to the remaining few dollars left in their wallets.
There is NO chance in hell for a reversal of the dying rare earth sector, at least not for another 10 years, and that is only if they survive, which 99% (outside China) will not do.
There is no need to have rare earth mines outside China, period, the orientals supply all the rare earth the world needs, and they will NEVER cut off supply since they are under control of the USA, in terms of being totally dependent upon USA imports of most Chinese manufactured goods.
Take your $$$ and place them into rare earth sshorts, as the smarter pros have been doing and continue to do, especially via in the money PUTS, or out of the money WRITTEN calls. There is NO other way to make profits in a bear market and the sick rare earths are so hopeless you can take naked short positions without a speck of worry that any sustainable gain will require you to supply the actual stock.