The reason why they keep their mouth shut is because you have people looking to file SEC complaints and class action lawyers who are willing to file suits at a drop of a hat, if they can bluff the insurance companies to settle out of court. They keep on talking about tort reform. We'll see.
I'm trying to convince those who have put the stock on ignore and have dropped the high 8 out of the last 9 sessions. A billion dollars is a billion dollars.
BEIJING (Reuters) - China's capital Beijing, regularly shrouded in hazardous air pollution, plans to replace its oil-burning buses with greener models by 2017 to help clear the smog, state news agency Xinhua said.
Nearly 14,000 new buses powered by electricity or natural gas will be bought to replace two-thirds of Beijing's bus fleet and halve carbon emissions, Xinhua said on Thursday, citing the city's environment and transportation authorities."
Green = greater use of Rare Earths.
spoken like a true gambler. Only a gambler would be stupid enough to give a 100% guarantee. Be careful, or you may lose the little you have. That is usually the fate of gamblers. The fact that you have little is a foregone conclusion.
We'll see how long buyers can stand on sidelines once the stockpiling purchases begin. The purchases by the Chinese govt. could start any day now. Check the headlines on Metal Pages.
The Chinese State Reserve Bureau has unofficially announced a plan to purchase massive amounts of rare earth. The purchase could amount to over $1 billion. To put this number in perspective the total global value of the rare earth market is no more than $10 billion annually. Much of this purchase will consist of neodymium, the highest value component of Molycorp's business. The purchase will undoubtedly have a positive impact on prices. Stockpile buying and market intervention essentially creates inflated demand and an artificial decrease in supply. As well as affecting actual supply and demand balance in the market, it will also lead to expectations of rising prices, which is a very important issue in the industry currently.
Based on what? Your profound understanding of the workings of the market, or based on your gambler instinct on betting on whatever the imagination offers?
Their silence was probably brought on by the SEC complaint filed against them a couple years back and the presence of class-action lawyers who hang on your every word as if it was cast in stone.
I would make my case but I have been warned to stay away from people who lie to me.
You"re a gambler and make bets to collect like any decent extortionist. It's like the casino, what did they give you for the money you lost? Oh! I know.....a spin of the wheel.
Date Open High Low Close Volume Adj Close*
Dec 3, 2013 4.95 5.24 4.82 5.12 11,737,200 5.12
Dec 2, 2013 4.78 5.08 4.78 4.98 8,296,800 4.98
Nov 29, 2013 4.61 4.93 4.55 4.78 4,447,000 4.78
Nov 27, 2013 4.58 4.67 4.51 4.62 3,181,100 4.62
Nov 26, 2013 4.65 4.65 4.54 4.60 3,274,100 4.60
Most class action lawsuits are thrown out of court for lack of evidence of fraud or gross negligence.
If rarepeach gave you a direct quote showing 2014. How do you get off stating that it is for 2015. Come up with a quote or admit to being stupid.
Many institutions will not buy or recommend stocks under $5. Now that the stock is over $5, I think they will make their presence known by block trades of 5,000 shares of more.This will set off stop loss orders of shorts who may also have blocks of 5,000 shares or more.