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pursistor 15 posts  |  Last Activity: Feb 26, 2015 7:39 PM Member since: Dec 23, 2010
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  • I don't think it is Monday (March 2). Then when and why?

  • Reply to

    The state of current MCP trading...

    by looking610pa Feb 25, 2015 5:15 PM
    pursistor pursistor Feb 26, 2015 2:49 AM Flag

    Got thank these guys for walking MCP down to 28c. 3-4x gain in a couple of weeks, that is sweet.

  • pursistor pursistor Feb 23, 2015 4:28 PM Flag

    Although many blame Stock Exchange for pushing down on MCP share prices, some including me thank him for that. Without his effort, I would no have made over 3X profits on shares I got under 50 cents.

  • Reply to

    Molycorp Fighting To Keep Shares Above $1

    by iamzolong Feb 21, 2015 2:47 PM
    pursistor pursistor Feb 22, 2015 6:45 PM Flag

    In general anyone who understands the political value of MCP and want to bet on it. These are investors such as bound buyers and loan providers as well as hedge funds.
    Illegal? Right, many of that around. The stock market id full of it. If you are so naive of such activities, then I advise you to get out this trade.

  • Reply to

    Molycorp Fighting To Keep Shares Above $1

    by iamzolong Feb 21, 2015 2:47 PM
    pursistor pursistor Feb 21, 2015 4:34 PM Flag

    Fighting to keep the shares above $1? LMAO. If you said they conspired with someone to bring the shares up quickly, I would have to agree.
    First of all, they have no interest nor energy to fight for the shares on secondary market------What is in there for them? They cannot issue any more new shares on the secondary market and they knew that.
    Second, the share has been down to as low as 28 cents (I got the last buying batch partly filled at this price). Where did you see the fight on the way down?
    Third, the recent surge in PPS may not have much to do with MCP 4Q production because it was broad all over the entire REE sector. It had a lot to do with REE industry consolidation and REE price surge in China. No need to give MCP management credit for something they cannot control.

    If you want to ask me why MCP released Q4 production hike? The answer is this: They conspired with someone to suppress the PPS first to get cheap shares first by being silent and turn around to push the PPS quickly up by providing good news "excuses" for the partner.
    Again, let be clear when assessing the situation:
    Is the management's incompetence responsible for the low PPS? No, the REE over production and black market in China is.
    Is the management incompetent after all? Yes, they were over confident and underestimated the bad period of REE market and overspent too much on acquisition and infrastructure building.
    Will the situation change dramatically even under the same management? Yes, it will as the deciding factor is REE price and the Chinese wants to raise it significantly. MCP will benefit directly from price hike.

  • pursistor pursistor Feb 21, 2015 4:05 PM Flag

    How? Bu issuing new shares? Are you buying at above a dollar? If you don't, why assume someone else will?

  • Reply to

    Molycorp Fighting To Keep Shares Above $1

    by iamzolong Feb 21, 2015 2:47 PM
    pursistor pursistor Feb 21, 2015 4:02 PM Flag

    Making matters worse, the higher production that just boosted shares will only help to increase the company's cash burn rate.
    -----------------------------
    exactly right.
    But why no one is seeing it this way? Why is the share price went 4x in less than a couple of weeks? Didn't shorts know this over production is going to push BK faster? Are they nuts or simply stupid? Not only should not they cover their short position (actually there was almost none under a dollar), but they should short more and with all they have.
    Or is there a sign that Robinson did not see (or he would not tell)?

  • Reply to

    How to "play" MCP...

    by jfrancisofsi Feb 18, 2015 5:59 PM
    pursistor pursistor Feb 18, 2015 6:17 PM Flag

    Good way to put it.

  • Reply to

    A LOSER PLAY

    by edblue1003 Feb 18, 2015 5:33 PM
    pursistor pursistor Feb 18, 2015 5:38 PM Flag

    This sure is not a day trader's dream land---------The big boys mean it.

  • Reply to

    NEEDS TO STAY ABOVE A BUCK

    by davedull Feb 18, 2015 4:40 PM
    pursistor pursistor Feb 18, 2015 4:52 PM Flag

    Not all the time.
    This is a warning for the day traders: Do not think you can take a easy ride up above a buck.

  • pursistor pursistor Feb 17, 2015 11:13 PM Flag

    That is not the way of true selling.

  • Reply to

    Money losing business

    by stockhk98 Feb 14, 2015 10:04 PM
    pursistor pursistor Feb 14, 2015 10:26 PM Flag

    REE does not have to turn inti gold in order to make money.
    It is in this state because of China's illegal mining. Even the Chinese national enterprises are losing money on REE business. So, it is simple now: bring prices up so every one can survive. That task falls in the hands of Chinese gov. So far, they want to do it with very clear and strong measures coming.

  • Reply to

    Mountain pass is too important to fail

    by dy_pny_stocks Feb 14, 2015 12:24 PM
    pursistor pursistor Feb 14, 2015 4:39 PM Flag

    This is actually the reason why some big money keeps betting on MCP: the gov will not allow MCP to claim BK.
    Just imagine the headline on media: The largest rare earth company in the Western world collapsed by the Western gov action (winning the WTO law suite).
    What a joke! A joke that cannot be afforded by the US gov. So, MCP stays regardless. The stock may go to 1 penny but the company has to stand, period.
    As long as MCP will stand, rare earth supply will decrease dramatically once Chinese gov accomplish total control of REE mining and processing (current capacity surplus is about 70%). The time line the Chinese gov gives is end of this year. The actual progress made on the side of the 6 national conglomerates for REE is slower than expected due to hard loss of jobs and revenue. But as anyone knows how things are done in China will tell you, if the gov really wants to do something, it will be accomplished regardless economic consequences. That is all we are waiting for because it is good for China in a long run, and for MCP in a short run.
    The few screaming "dead REE industry" had either no political sense or are hired by the MM to influence public feelings. In either way, they do not determine MCP's future, only China does. But on this thing, China is 100% on the side of MCP this time.

    Sentiment: Strong Buy

  • Reply to

    Re short squeezes

    by an_influential_peri Jan 30, 2015 2:35 PM
    pursistor pursistor Feb 14, 2015 4:19 PM Flag

    I actually agree with you. I have long suspected the true "short" position because this stock is totally manipulated, a situation cannot exist if there were a lot of true short positions. The manipulators create short from short against box to scare the small guys (it worked to some points when PPS was above 2 dollars. Under a dollar, no one cares about any more short selling.

  • Reply to

    Nice short action at the end of the day

    by marco_98686 Feb 13, 2015 4:02 PM
    pursistor pursistor Feb 13, 2015 5:35 PM Flag

    It had nothing to do with shorting. The manipulators (the one bringing this thing up) need to recycle their limited funds and thus need to sell some to ANY buyer. Usually to the short covering. Today, the only buyers were bidding around under a dollar, thus the seller has to go down to meet them at around 98c.
    This tell me two things: 1) no more short panic covering; 2) the share is TOTALLY manipulated (as it always been, right?)

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