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Molycorp, Inc Common Stock Message Board

  • silverfox132 silverfox132 Jan 5, 2013 7:35 AM Flag

    Bullish Pennant from Jan 2nd...

    It held the 10 line twice and volume decreased next two days. This is ready to continue it's uptrend Monday imo

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    • mcp's gap always get filled shortly after forming just one exception... from dec 2012...

    • Most Mondays for the last 6 months have been down market days, just like most Fridays are up days. If the buyout rumors gain traction on a real announcement then possibly an up day on Monday, but typically it is the middle of the week when there is more action to the up or down side in dramatic fashion. Honestly, we need a real press release from MCP to establish how things are going on the Project Phoenix to really move the meter. Based on their 3rd quarter releases and conference call it does seem like there will be a dramatic change to the 4th quarter numbers, however the 1st quarter will be where the action is. We'll need to wait until May to get the report on Quarter 1 so, for now, and update on how the progress is going would be a boon. Good luck to longs that established new positions in Nov/Dec as the reward is coming the next 3-6 months.

      Sentiment: Strong Buy

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