Morning Pump Job started at pre-open as happens every day
Get suckers in and then unload in afternoon is what is happening.
Too many stakeholders got the shares at $6 a few weeks ago.
Underwriters who acquired the overallotment at $6 must sell before Mar 27 to book
gain for 1Q and get their bonuses
Rest assured Molibdenum will be there to buy hand over fist. They've bought at 10$ and will have no problem paying anything below that.
4:26 pm Molycorp, Inc. MCP Molibdenos Y Metales S.A.
(10% owner) 4,500,000 $10 $45,000,000 17,000,000
Yes its great for day trading. Short in in the early morning and by back at close. What remarkable in this case is the very low volume yet the high price increase premarket. The MM are being paid a lot to manipulate the stock.. SEC should look into this as well.