What you say makes little sense. If you want to bother with rare earths at all, MCP is the name to own. Otherwise might as well just get out of the sector altogether. Trying to pick juniors, you'd just be gambling and the results would be predictably poor. Molycorp IS rare earths. It's not going bankrupt and shorts driving the price down does not determine a company's fate, it only determines short term market price. I guess if you want to get suckered by the sellers and let the bk myth scare you off, you'll have to pass, but passing to pick juniors is just silly. If yiu feel you simply must have rare earth exposure and don't want to own the one name in the space worth owning, then at least be sensible and buy the ETF.
Oakmont? What's that? The name of the neighborhood where Basher School is located?
MCP didn't make any deal with any "Oakmont." If you want to sound convincingly intelligent and portray the impression that you know and understand the financial world and are familiair with its entities and that you know the fate of companies and who will collect their "carcasses," at least do this much:
Use the internet to look up the basic names of funds and institutions essential to your attempt to persuade.
In other words, WLT is selling at an 82% discount to book value right now.
Meanwhile the same megacap SPY components are being pumped to unsustainable PE's.
Market never changes. People never learn.
Book value is about 6.50.
This is a very volatile stock. Could go over 3 in one day, provided an unexpected positive catalyst emerges.
Wouldn't worry too much about when this hits 3. That's chump change.
If you buy here your aim should be to wait patiently for sentiment in the coal sector to shift to positive before you even think of selling.
People are beginning to wonder how you manage to survive on only 1 hour a night's sleep. What's your secret?
Of course all of us dedicated market watchers somehow manage to do it. A case for medical science.
there's just one sure way to stop the dropping: start buying!
are you buying? or standing on the sidelines in fear with the herd? or, even worse, selling in a panic with the herd?
so long as you are waiting to see what the herd will do, and the herd is all looking at each other waiting to see the same, there will be no buyers, so how can it stop dropping?
to make the market move in your desired direction you need to become a herd leader, and there's just one way to do that: put up a lot of cold hard cash.
LUXEMBOURG — An adviser to Europe’s top court on Wednesday said the European Central Bank can legally buy large quantities of eurozone government debt to stabilize the currency area’s economy, delivering a key endorsement for the bank as it prepares another round of stimulus measures.
A negative opinion could have thrown the ECB’s next round of stimulus efforts into turmoil. ECB President Mario Draghi and other officials have been drawing up plans for the bank to buy large amounts of eurozone government debt in the next few months to boost the economy of the 19-nation currency area and prevent an extended period of deflation, a broad-based decline in prices that can have disastrous economic consequences.
A few hours back the board was overflowing with predictions of a killer rally tomorrow. Since then futures have faded and the bears are back
Was this just a brief flare up based on the ecb court decision?
What was the cause of the enthusiasm and where did it go?
If GS can make false prophecies all the time, why shouldn't golf band join the game?
Just so long as you don't believe your own predictions, you're fine.
But sometimes I think a lot of the people in finance should have gone into palm reading instead.
Nasdaq confirms yahoo, with this data shown for insider trades:
# of Shares Bought 1,107,331
# of Shares Sold 136,033
So you need to substantiate your claim of insider selling, or your credibility is in danger here.
Can you post a link to the insider sales data you are looking at?
Yahoo finance shows no insider sales. Only significant insider data shown is three insider buys made in June 2014.
a result of falling rare-earth prices and the acquisition frenzy, MolyCorp is almost being delisted; with losses of $105 million, the company might be on the verge of bankruptcy.
In its most recent quarter, Molycorp’s cash from operations was -$28.2 million, and free cash flow was -$46.3 million. In 2015, the company has to pay interest payment of $105 million, for which it does not have sufficient cash flows. If somehow the miner manages to survive the year, which is highly unlikely, it is looking at a mammot
100 would be a good start, a step in the right direction.
By the way, what other colors of asparagus are there besides green?