I haven’t read the tabloids .Clearly something is going on . There is no real news that I have found. I will wait to see how this plays out .look over at Molycorp, Inc (MCP) Pre-Market Trading,could have been created for shorts to exit ? .looks like buying opportunity for some of us . I am long Molycorp
I cannot believe the market is down 8% in pre-market on 500k shares based on a Seeking Alpha article. He has posted 10 such articles in the past month and we have not seen any reaction previously. I would suspect news is forthcoming. Also keep in mind, this is a short, light volume, holiday week and the trade often does very funny things.
2 news postings this a.m. 7/2/14 by writers who admit in their disclosures that they are holding Short positions blast their B.S. One on Motley Fool , the other by Seeking Alpha. Manipulation via the media on no Corporate announcements, ....B.S