The MM's are really working this POS stock and they are in control. Of course some bottom fishers have made some $$$ in the last 2 weeks, but there is no fundamental business based reason for this POS to be at 97 cents, once the next disaster report is made public in a few weeks Molycrap will tank once again. Of course some of the upcoming disaster report is already priced in ....but by no means all of it !
Nothing has fundamentally changed for Molycrap and they are BLEEDING HUGE AMOUNTS of RED INK each and everyday, they still have CRUSHING debt and they still are on their way to bankruptcy.
Most of the posters/ pumpers on this board are still so far under water and supreme bagholders that there is no hope for them. Any "new comers" in the last 2 weeks or so were just lucky but still stupid for thinking this stock is worth anything. If the "new comers" stick around for awhile they too will join the list of bagholders when MCP hits yet another ALL TIME LOW.
It's just a matter of time !
OH well ....... have a great weekend and I will check back in a week or two.
Hello - it's been about a month since I posted here ....it's just so boring and obvious that MCP is "defacto" already delisted. The "earnings disaster" on Monday was of course put off till the last possible minute by MCP mgmt knowing what a horrible showing they had and the horrible condition they are in ( but not for long - (pun intended)).
Of course Wall St is a perverse animal and the fact that the MM's took this POS from 27 pennies back to $1 and then back down to 34 cents is hard to understand; but the real question after Monday's "report" and the CRUSHING debt load is this Why is MCP not already trading under a DIME where it belongs so that NYSE can officially delist it and the bankruptcy can get underway in earnest !
OMG the pain for all the LONG FOOLS on this board ... the list is QUITE long .....90% of these idiots will "go down with the mine shaft" ..... once again "pun intended" .....
See you in another month or so .....if the stock is still trading on NYSE.
Lastly ALL remaining shorts .... do not cover there is no need ....just waiting till the shares are wiped out !