The chart is giving great trading ranges. I am also short REE in sympathy, as the Rare Earth ETF's will distribute as MCP fails.
Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
Friday, January 21, 2011
MolyCorp Performing as Expected
Next week MCP has insider lock up ending. Their current public float to total share is only 25%. This is not bullish. couple this with weakening metal pricing, and sell danger zone for stocks, I am expecting new lows.
The chart is giving great trading ranges. I am also short REE in sympathy, as the Rare Earth ETF's will distribute as MCP fails.
The chart is giving great trading ranges. I am also short REE in sympathy, as the Rare Earth ETF's will distribute as MCP fails.
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