MCP hit lower toward my 1.50's level I was questioning, but it's razor thin above the 1.40's line already, with a good chance to drop some more. I'll be looking to possibly buy some soon on a very very oversold RSI. Could be a good opportunity bounce up back toward 1.85-2's for short term swing trade.
My trades with miners & including MCP is always 'short term', so people understand my interest here is not longer term. Recently all the miners and Rare Earth miners in particular are down, so regardless of longer term outlook, this stock is a good example of something that can be taken advantage of for short term swing trade soon on developing oversold conditions (especially if you like 'falling knives'). I know the risk on this stock and the type of behavior with chart it is exhibiting, so I treat it that way, while I realize there is a short term trade developing here.
