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Molycorp, Inc Common Stock Message Board

  • richeydouglas@ymail.com richeydouglas Feb 1, 2013 7:53 PM Flag

    I think it goes up 10% monday.. consolidation is over...

    Just my opinion.. book value is 11 bucks.

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    • Book value is meaningless in a declining business with NO Pricing power, weak and falling demand, massive debt which is crushing them and Qtrly losses for as far as we can see into the future. Their customers are doing everything they can to reduce or elminate the need for the REE's and finding alternate manufacturing methods which will crush the REE prices even further due to weak and declining demand, check it for yourself !

      MCP is not "consolidating" ! rather it is and has been in FREE FALL and heading for bankruptcy, short of an unexpected news event / announcement there is NOTHING POSITIVE happening for MCP and nothing will cause this POS to jump 10% on Monday or any other day next week.

      Do yourself a favor and close your long position ( if you have one ) before your losses get worse @!
      STP Stop the Pain !

      Sentiment: Strong Sell

 
MCP
0.35870.0000(0.00%)Jun 24 4:02 PMEDT