The timing is horrible. Institutions are liquidating risk. I got stopped out of Molycorp on Friday, the selling has been relentless.
My guess for the starting bid for the open on Monday is $2.85, with the stock getting hammered down to $2.00. If NAK is smart, they'll hire a newsletter promoter to send out a buy alert on Sunday night to help soak up some of the morning selling. If it hits under a dollar, I'd probably buy back in because I know some newsletter writer or P&D shop will take advantage of the resource estimate, find the next wave of marks. At least that's a way to make some of it back.
One bright spot, the executives became multi-millionaires during the last few years. Raise your glasses for a toast tonight, they probably are.