MCP - Molycorp, Inc. - Page 12

grabbed some MCP at 29.8 this morning, but do have a tight stop on it though.  GL

out at 30.30... now it can take off without me.

jump back in again this morning.

I see what you are looking at, this is ripe for a rebound, it just needs to put in that support level.

27.70 supprt from Jan 24th is probably what you are watching right?

Quote:

Originally Posted by StockJock-e 

I see what you are looking at, this is ripe for a rebound, it just needs to put in that support level.

 

27.70 supprt from Jan 24th is probably what you are watching right?

Yes SJ

Why is your karma so low?

Here, have some!

Quote:

Originally Posted by StockJock-e 

Why is your karma so low?

 

Here, have some!

lol does it really matter??? as long as I am making money karma doesn't mean anything .  If I am losing money then I can blame on my low karma 

man...doing so bad...

ohh well

yep i got stopped out yesterday

great buy...keep watching..the markets are on fire mcp having a hard time...you cannot touch without a market pullback i guess

it would be crazy if we got to the 9$

Quote:

Originally Posted by mouserman 

Rare earths bubble popping..... MCP was likely one of the most overvalued miners on the planet, due to the rare earths mania/craze. Investors were warned that the rare earths market is tiny, and that CHINA had enough light ree's to supply the world for several decades by themselves.

Was a great short at 70$

Rare earth prices have fallen dramatically in recent months. International prices for some light rare earths used in the polishing of flat-screen televisions and the refining of oil, respectively, have fallen as much as two-thirds since August. Lanthanum oxide, for example, was $5 a kilogram in early 2010. Lanthanum hit $140 a kilogram in July, then dropped more than fifty percent to $62 a kilogram in November.

A recent press release courtesy of Roskill Information Services explains that the downswing in prices is because buyers have reacted to rising export prices by staying away from the market and Chinese exports tumbled through the first nine months of the year.

And the real  sh*t now begins to hit the fan.

2012-02-10 18:45 ET - News Release

BOULDER, Colo. -- (Business Wire)

The Shuman Law Firm today announced that a lawsuit seeking class action status has been filed in the U.S. District Court for the District of Colorado on behalf of purchasers of the common stock of Molycorp, Inc. (“Molycorp” or the “Company”) (NYSE: MCP) between March 9, 2011 and November 10, 2011, inclusive (the “Class Period”).

If you wish to discuss this action or have any questions concerning this notice or your rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.

The complaint alleges that Molycorp and certain of its officers and directors violated federal securities laws by issuing materially false and misleading statements regarding the Company's business and prospects. Specifically, it is alleged that the defendants misrepresented and/or failed to disclose the following adverse facts during the Class Period: (a) Molycorp's development and expansion of the Mountain Pass mine was not progressing on schedule and would not allow the company to reach rare earth oxide production rates at the end of calendar 2012 and 2013; and (b) end users had been reducing demand for the company's products as prices for rare earth elements increased.

On November 10, 2011, the Company reported disappointing third quarter 2011 revenues and earnings results below analysts' estimates and announced a reduction in Mountain Pass production guidance for the fourth quarter of 2011 due to expected equipment downtime relating to Mountain Pass engineering and expansion issues. The Company's stock price fell from $38.70 per share on November 10, 2011 to $33.45 per share on November 11, 2011, or approximately 13.6%.

If you purchased Molycorp common stock during the Class Period, you may request that the Court appoint you as lead plaintiff of the class no later than April 3, 2012. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation.

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in investor rights litigation.

Contacts:

The Shuman Law Firm
Kip B. Shuman, Esq., 866-974-8626
kip@shumanlawfirm.com
or
Rusty E. Glenn, Esq., 866-974-8626
rusty@shumanlawfirm.com
www.shumanlawfirm.com

Source: The Shuman Law Firm

thats it !!!!

1%

i thought wed sed wayy more...

i wanted 10$ mcp

Quote:

Originally Posted by ze20001984 

thats it !!!!

 

1%

 

i thought wed sed wayy more...

 

i wanted 10$ mcp

lol, news of pending lawsuits was put out in a PR on Feb 6th...

*cries* leaving without me :(

WOW!! what happened....

time for some 10$ strike puts..lol

Quote:

Originally Posted by ze20001984 

WOW!! what happened....

 

time for some 10$ strike puts..lol

Good luck with that.

taking a hard beating this morning.

Some good news for MCP this morning:

       Morgan Stanley has published a research report on Molycorp (NYSE: MCP) commenting on REO prices that are currently down 25% year to date and believes that prices have reached a level that will drive demand.

In the report, Morgan Stanley writes, "While REO inventory in China and illegal mining could prolong the price decline, we sense an increase in interest from consumers. Japanese REO imports normally pick up in March-May. We expect a seasonal pickup in demand to help stabilize prices by mid-2012. At $55/kg, spot prices are in the range where price-sensitive buyers may start returning, based on our channel checks."

Morgan Stanley reiterates its Overweight rating and $81 price target on Molycorp, which closed Friday at $24.55.

http://pro.benzinga.com