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Molycorp, Inc. Message Board

  • solar_truth solar_truth Nov 8, 2012 9:27 AM Flag

    News!!!

    Molycorp (MCP) will release their earnings today and after hitting a new 52-week low in yesterday's trading we want to cover all the bearish bets now, even those still in play because it is the house's money. Good money has been made here being on the winning side of this trade but with earnings on deck and the possibility for the company to come to the stock's defense, we want nothing more than for readers to book the profits as the risk for a reversal is too high at this point. The company has a history of releasing news along with their earnings and there is a lot of good news they could potentially release - more than bad is our feeling. We will be watching to see exactly where the company stands in ramping up production as well as their manufacturing capabilities.

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MCP
0.3501+0.0001(+0.03%)9:46 AMEDT