There is one thing I learned about human nature and resolve, and that is, when certain people say they won't do something, come hell or high water, they simply won't sell. This was a $70 stock...was manipulated down to $60...$50..$40...$30...$20...$10...under $5...
Surely, if they haven't gotten certain people to sell yet, it ain't ever gonna happen! The people left in this are the millionaires and billionaires now, or at least well off enough to not care about the risk here, not your average scaredy-cat mom-and-pop investor! The shorts cannot win. And I personally intend to bankrupt hedge funds.
If you buy, market makers will take it lower...guaranteed
If you sell, you will miss out on more upside.
Let this play out. Let time pass. Let shorts sweat.
You, my stubborn long, you sit back and relax.
We are accumulating here. Millions of shares are involved and these things take time, so expect us to be down here for awhile. But I am more optimistic because I believe the "cat to be out of the bag" and we may climb prematurely. That would be unfortunate because the accumulation is not over yet. Having said that, I predict a double bottom. Maybe the rare triple.
It doesn't matter to me if you sell, buy or hold. Your decision will have no affect on price action. The only people who will want you to do anything are the shorts, and basically they want you to sell your shares so that they can materialize their short positions. As I said before, it is only one entity using multiple handles to post fear nonsense. Instead of worrying about the fear, think about who it is that is doing the buying in this fear.
I am buying. I am ecstatic about this opportunity. If anyone is depressed, it is a short seller betting that I will sell my shares. Ain't gonna happen.
stealing is stealing.
if a POTUS has to stoop to thievery for his friends, then what power does he really have? none really
If you are a shareholder of MCP, I hope you realize that there is only ONE entity who is bashing Molycorp daily. That one entity may comprise of several individuals who work for that entity, but the goal is the same...make you believe that there is a world of people who are betting against Molycorp......
well, except you.
Which brings me to these questions. Where is Molycorp management? Where is Molibdenos y Metales? Where are the large shareholders? Why are they so silent as this stock price plummets over such a long period?
Answer: they are buying. Silence is golden. This is their opportunity to balance their unrealized losses. When they have scooped up all the shares from weak hands, the turn around will begin.
LOL, you have your calculator out? Trying to figure out my positions? Look I gave you one yesterday...I bought 500 shares at $2.51. I'm up on that one right now, a cool 30 bucks! Should I sell it? What do you think? You make the call.
With respect to your question, we could have been up 2.50 from $5. Yes, trading at around $7.50 right now, and you can blame MANAGEMENT for the drop. THEY screwed up. I can't give you a range until they clean house. In the meantime, I'm accumulating. And I trade ranges....always have, always will. I'm net long, that all you need to know.
MM getting rich? I think this is dog for them, and they have no idea what to do with it. And MCP doesn't print money...why do you say that? Let's be realistic and shoot for a PT that is reasonable.
iamzolong, the date of that post was October 23, 2013 and I said we won't go below $5. Shortly after my post in the days to come, Molycorp soared up to $6+. So I made the right call.
I suggest you look at the facts.