We've got them at check and they keep moving that queen around to protect the king, but the problem is, every time an investor becomes a trader, the check is removed and the king lives to see another day. Investors need to hold long term and force checkmate...and then MCP will fly.
You want a 2-point pop as soon as possible? Then don't trade this anymore. Stop selling during little rallies hoping to buy on a pullback. If enough investors do this, you will dry it up for the short sellers, forcing market makers to desert them and take this higher. And do NOT buy. The more you buy, the slower the rise. Let the short sellers buy higher. Don't help them with that.
Notice how the so-called "bulls" are quiet? Yeah, they are not really long. Make a note of all the regulars here, and don't listen to them. They want you to sell. They are trying to trick you. Hold for $7.
If you weren't selling due to fear, they are now trying to make you sell by giving you this little rally. They'd like nothing more than to invite you to TRADE. MM have a range to play with, namely between $4.50 and $5.15. And selling in that range make you the sucker.
Don't sell. Hold your shares for at least $7.
I'm long short-term. Expect this to rocket to $9-10 by February/March. Once the run up is exhausted, I'll likely go short again unless there is some quantifiable reason not to.
The temptation to sell is strong now that you can most definitely get to declare losses on your tax return for 2013. But think about these three points.
First, if you sell now, you have to wait at least 31 days before you can buy them back, otherwise you create a wash sale and negate any losses you thought you could declare! As you know, giving short sellers 31 days to cover is a very dangerous move. On one hand, you will feel VERY BAD if this stock soars. On the other hand, if you are weak and buy back, you will lose twice. You will pay up AND you will lose your tax loss.
Second, ask yourself, why is there more than normal pressure from people to get you to sell? Hmmm. I suggest you hold.
Third, as always on Wall Street, last years losers are next year's winners. 2014 could very well be the year of Molycorp.
As a short seller who has made a lot of money on this stock, trust me, this stock should be at under $4 by now. Lingering around in the mid 4's for this long only means one thing. Short seller desperation to get retailers to sell. As I said before, ignore the noise. Go enjoy your holidays and save yourself from listening to what those shorties have to say. Happy holidays.
Don't get too attached to this price. When we are at $6...$7...8...the same tired speeches will be made here. Just remember, the sophisticated traders are here in this one. They get screwed, the whole stock market suffers. Just simple psychology. WS can't afford to take that risk. Wait for Wall Street to bend over and take it in the rear, which they will. When they throw you the bone, start selling. Stay on top of this. Take it from me, short sellers are sweating.
If you are already in, holding is enough. Don't add...at least not now. Go and enjoy your friends and family over these holidays. If you are not, start accumulating.
The bashing is to get a stock down, the pumping is to get a stock up. You get these constant tech talks and fundamentalists who need justification for anything otherwise they can't sleep. But here is something that you can all live with if you are a long investor: it is a game of patience
Agreed? You don't know me as well as I know you. Shorts know, and I know how you tick. But what we can't handle is your stubbornness to hold shares. Sure, we can make new shares as this game is cooked, but we have to cover those too. As long as you hold, we are trembling.
Above being said, you also need to know WHEN TO SELL! The rally WILL come. And all the short sellers will be out telling you to hold for higher and higher and higher. While they are taking on new short positions, you are ahead ONLY ON PAPER! If you don't sell, all those gains will be lost in the blink of an eye!
So be patient. Look for the breakout. And then be committed to sell. The short selling is exhausted here. Covering is done. Now they are desperately waiting for the holdouts. They will do their best to scare the bejesus out of the die hards, but don't listen to 'em. Wait for the 2-point pop.
You are butting heads with someone who shorted this stock and made a fortune. So if can turn around and be long this stock, you should be asking why. Fact is, kid, there are people who know (i.e., me) and people who don't know (i.e., you and shorts) where MCP is going short term. If you don't see the set up, then you are going to lose your shirt.
F*** taxes. Anyone selling here is an idiot, pure and simple. Molycorp isn't going anywhere, and your vision is very narrow and naive. Typical of newbies.
This stock will shoot up $2-3 when you least expect it before 2014 begins. There are 17 trading days left, so be especially alert on the expected "slow days" such as the day before Christmas or New Years. The move will be fast and furious and you should SELL into it. Don't think too much! A lot of traders here will tell you to hold for the moon, but there are just trying to prevent you from taking profits while they take on new short positions.
Again, when you see $6, $7 or $8, SELL FIRST, ask questions later! This will last for a very short time, so act fast. We will return back to $5 right after that move, and you will thank me for this heads up.
Constantine Karayannopoulos is a man who wants to be aligned WITH the shareholders. It is requested that criticism and bashing be stopped immediately. As a reward, you will get a stock price of at least $6. If you are long, flag and report ANY negative talk of the CEO.