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Molycorp, Inc. Message Board

  • bob.whitehill bob.whitehill Dec 6, 2013 11:06 AM Flag

    You want a sensible post?

    The bashing is to get a stock down, the pumping is to get a stock up. You get these constant tech talks and fundamentalists who need justification for anything otherwise they can't sleep. But here is something that you can all live with if you are a long investor: it is a game of patience

    Agreed? You don't know me as well as I know you. Shorts know, and I know how you tick. But what we can't handle is your stubbornness to hold shares. Sure, we can make new shares as this game is cooked, but we have to cover those too. As long as you hold, we are trembling.

    Above being said, you also need to know WHEN TO SELL! The rally WILL come. And all the short sellers will be out telling you to hold for higher and higher and higher. While they are taking on new short positions, you are ahead ONLY ON PAPER! If you don't sell, all those gains will be lost in the blink of an eye!

    So be patient. Look for the breakout. And then be committed to sell. The short selling is exhausted here. Covering is done. Now they are desperately waiting for the holdouts. They will do their best to scare the bejesus out of the die hards, but don't listen to 'em. Wait for the 2-point pop.

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    • rga1298 Dec 6, 2013 12:37 PM Flag

      @bob.whitehill, great post/comment/opinion, I have the same game plan for this baby, if you see my post right now my core holding avg cost is around $5.10, just waiting for this to break it, as soon as it break it I sale, but I also play around with around 3,000 share that I sale and buy (buy $4.70/$4.80 sale $4.90/$4.95) that way keep my interested in it and also make some small money. Again, great post, btw one of the dumbups is mine

      • 1 Reply to rga1298
      • Don't get too attached to this price. When we are at $6...$7...8...the same tired speeches will be made here. Just remember, the sophisticated traders are here in this one. They get screwed, the whole stock market suffers. Just simple psychology. WS can't afford to take that risk. Wait for Wall Street to bend over and take it in the rear, which they will. When they throw you the bone, start selling. Stay on top of this. Take it from me, short sellers are sweating.

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