With MCP destined to fail, what hope exists for rare earth juniors?
When you realize that even the seniors like MCP are headed for the pink sheets, then there is no chance in hell for any rare earth juniors to survive.
Every rare earth junior is nothing more than hot air and hype, the most recent being Ucore, which jumped the other solely on great HOPES that the US defense department might become its customer. Where do these hypesters concoct such nonsense?????
If the QRM bagholders had any brains they would load upon on in the money puts and ride this thing downward for its last hurrah. There is still huge amounts of money to be made on the downside.
Bottom line: call options trading below 1.00 wipe out worthless 95% of the time, in all bear market stocks, an don the few occasions that pros buy options in penny junk stocks, they limit themselves typically to puts, given the massively dangerous spec risk in all penny junk stocks. Those who hold only long positions in penny junk stocks, without any put protection, are either insane or ignorant or both.