Good Comment. In addition, in December, there is much tax-loss selling, window-dressing/house-cleaning by fund managers, and short selling by speculators who pile on to drive down the price.
January should be interesting -- will fund mangers see REE stock as a bargain to be scooped up? This would drive up the price, and maybe cause melt-up, as short sellers scramble to buy stocks.
What has changed?
The US Congress could not agree to pay the debts they had incurred and fought over raising the debt ceiling limit. S&P downgraded the US credit rating as a result.
European governments have been fighting over how to pay their debts.
Markets have been very unstable, with investors afraid to take risks on "speculative" positions.
The Fukushima nuclear disaster has turned out to be much, much worse than the reactor company and the Japanese government were willing to admit.
All of these events have kept demand at incredibly anemic levels.
Throw in some pumping and dumping by analysts, and you have the current low prices.
We are all screwed again. We read the glowing stories about stocks that have rare possibilities and the prices have risen. Better buy some now to be able to cash in. Then almost immediatly the big boys start selling off and we are left thebag holders. Place your bets gentelmen
Back then, it was all hype.
See the competitor MCP going through the same.
NFLX, SODA, GMCR, DMND, CROX, SLV all in the same boat. Buy high, expecting higher prices. But eventually, fall from grace.
Or, some say market correction for all stocks.
NFLX actually made some money (before their content acquisition costs started going up and they had a pr disaster with the split of the biz and the price increase).
REE has never had any operations to speak of.
You list some good shorts on the year, but REE was pretty much a slam dunk. Almost that entire space. Great Western, Ucore, mcp. MCP is more viable than REE, though. REE eventually may have some value, although I wouldn't bet on it. $17 was a ludicrous price. And I was buying puts to short it when it hit $16.