I am happy to see that most of you are cool, calm and collected! None of you appear to have any fear! You are definitely STRONG investors. Molycorp thanks you! Kudos!!
We may be coming into the triple bottom I told you all about a month ago. The jump to $2.40 was premature, and if you sold on the news, good for you! We still accumulating, and that's why we welcome the 1's!
We've got 4 months before the end of the year, and the shorts are going to kick it into high gear trying to scare you, or persuade you to sell and take your tax losses. Put your game faces on and fight back by holding until at least Spring 2015. If you do it, and Molycorp delivers as it is expected...we will destroy the short hedge funds. It will require being stubborn like a donkey, so whatever they say, just respond with a "hee haw"!
Sorry I was away and not yapping here like most do. I avoided the board to not give away what would happen....now go buy something at JCPenney, you winners!
For the sake of argument, let's say you are right...why would Molycorp go along with that? Bankruptcy would have been a better option for management, but they did not choose that route did they? You shorts are stupid, not knowing what is really going on. As I said before, only the hardcore shareholders are left! You can't use words to get your way! Manipulate it down, we're buying! You're in checkmate idiots! You people really are stupid, including that iamzolong guy who wants to challenge my math. I've won awards in the math department, have you guys? Don't mess with a genius.
Many of you are wondering why this stock isn't soaring. 400 million dollars isn't chump change! We're talking about nearly half a BILLION dollars! Pop quiz: What was the short sellers #1 reason for trashing Molycorp?
Answer: Cash burn
Now who is in his right mind would give even one penny to a company that is spending more than it takes in on a routine basis? Nobody! And to make a bet of 400 million dollars on Molycorp is not only an insider move, but having said that, THAT INSIDER KNOWS that there is really no cash burn going on. The usual accounting shenanigans that all Wall Street companies engage in, but no genuine cash burn.
Now the short sellers and the market makers have got themselves in a pickle! Just when do we let this stock go up (as it should)? I'm guessing that they are daring to bring it down again (the triple bottom) just to see how many of you forget the news and sell into fear. Keep you powder dry and BUY ANY DIPS.
New pressure for short sellers is now building.
Argentina has defaulted on a $1.3 billion loan...naturally, money will be flowing out of Argentina, likely into neighboring nations with much better economic power. Chile is one of those top economies in the world, and with Molyidenos y Metales a Chilean company, appears that Molycorp will benefit.
The Chilean currency is strongly considered to strengthen globally as a result of Argentina's default, and with that, the power of Molymet just went up. Short sellers are going to try to keep this news quiet, but I couldn't resist revealing this to all of you who are looking for even more reason to hold on to MCP stock.
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