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Here comes the last 5 minutes. Are we going to see that usual spike back up with nice volume? I hope so!
That's what I'm betting on!
Have you also been watching the MFI and A/D indicators on the daily? Lots of accumulation and money flowing into the company today.
At about 12:20 (CDT) or so, there was 252K volume recorded, and the price never moved off of .91. My bet is an institution or two is loading today!
There has been some strong resistance at .91 today. It would be nice to break through that.
I haven't been watching the daily chart today until you mentioned it.
We had the same pennant a couple hours ago and the results were down.
Sam pennant now for the last half hour working. The closer to the end of the day, the better the chance is that it will go up this time. That's my take anyway.
I agree, Q1 seems to be the next logical catalyst this week. I can't imagine that they wouldn't include the details of the Siemens contract.
Absolutely correct. Seeking Alpha is notoriously short. So is Jim Cramer's "The Street". I'm surprised we haven't gotten any bashing articles from them yet. Unless I missed it.
My post wasn't intended to correct you, just to point out that we still have plenty of time. No offense intended.
Actually, this article was posted on the board last week when it came out. This is the second or third bashing article by Seeking Alpha since the 60 minutes piece came out.
Molycorp was notified on December 30, 2014 of being non compliant with the NYSE. They have 6 months to become compliant. That's June 30, 2015. Plenty of time still to get over $1.00 and stay there for 30 consecutive days.
Molycorp, Inc. Receives Continued Listing Standards Notice from NYSE
9:03 am ET January 2, 2015 (Benzinga) Print
Molycorp, Inc. (NYSE: MCP)
(the "Company") announced today that on December 30, 2014, the Company
was notified by the New York Stock Exchange ("NYSE") that the Company's
common stock is not in compliance with the NYSE's continued listing
standard that requires a minimum average closing price of $1.00 per
share over a period of 30 consecutive trading days.
Under the NYSE's rules, the Company has a period of six months from the
date of the NYSE notice to bring its 30-day average share price back
above $1.00. During this period, the Company's common stock will
continue to be traded on the NYSE, subject to the Company's compliance
with other NYSE listing requirements. The Company will notify the NYSE
of its intent to cure this deficiency.
The Company's business operations, reporting requirements, credit
agreements, and other debt obligations currently are unaffected by this
notification.
I agree! MCP has enormous potential. I've followed other companies for quite a while too that seem to be such good companies with great product, but never seem to make the big moves.
Very true! But I was referring to these guys pushing BAA wanting us to go into BAA. I keep getting PM's about it and seeing these little warnings on the MCP board saying it's going bankrupt.
I don't buy it for a minute. My money is in MCP. It's getting ready to bust out big time!
My thoughts exactly!
It seems to me more like they are trying to get people in MCP to dump and put their money in BAA.
Anytime a stock is this heavily pumped, I just stay away and watch from the fence top. Especially when the pumpers were so excited about MCP in the first place!
Yes, I also only swing trade and day trade. Could still get better with the charts, but you're right, the chart is in a definite uptrend.
Not planning to sell until she pops, or bad news comes out on the debt situation. Which at that point I'd be bailing quickly! Fortunately my average buy in price is .56.
I have decided though on MCP, (depending on debt), I'll be holding a small percentage of shares for longer because of the huge near term potential.
I would suggest you just go back and read the news for the last couple months. Starting with the 60 Minutes piece back on March 22nd. Then the announcement of a 10 year contract with Siemens Ag.
In a nutshell, exactly 4 years ago, MCP was a $70.00 stock. 3 years ago, a $35.00 stock, and have continued falling since then. Due to overblown EPA problems. (see 60 minutes story). But mostly driven down by the fact China controls the REE prices.
This has all changed now. But they've been left with a crushing debt situation.
Hoping to hear good news on that situation with the earnings scheduled for 5/5/15.
WSJ (Wall Street Journal) site shows 26.6% short, and 6 days to cover. Keep in mind this isn't a daily report. This info was put out April 28th.
http://online.wsj.com/mdc/public/page/2_3062-shtnyse_M-listing.html
FYI: MCP is listed alphabetically, but they spelled it MOYLCORP when you're looking for it.
Been busy all day building a shed. I just caught up on the board.
Several great posts about TSLA and debt restructuring. I believe the same thing, too many big money investors still holding right before earnings. I'm also betting that there will be all the info we are looking for along with the earnings report next week.
Good one. I like that!
I checked out Tesla, and indeed they announced their new battery. And they also mentioned partnerships and collaboration with other companies. But there was no mention of Molycorp.
Perhaps too soon!
A very accurate point.
Every now and then I check out the Yahoo boards. And I always wonder why I did it!!
Thanks for the very good explanation. Appreciate it!
Thanks! I looked at it, but I didn't have time today to read it carefully. I noticed it was an annual report, and not the quarterly report due next week.
The first thing I looked for was mention of bankruptcy. That would have really sucked!
I just got a notification from Molycorp that they filed a Form 10-K/A with the SEC. If someone is more familiar with this than I am, could you interpret this in a nutshell?
http://phx.corporate-ir.net/phoenix.zhtml?c=236277&p=irol-sec
Indeed, something is definitely cooking!
I've seen dates listed from 4/29 to 5/7. WSJ had them at 4/29. Obviously that one was wrong.
The only thing they all agree on is announcement after market close.
This is definitely more than the news of the China taxes this morning. That news has already been baked in now.
News is coming. Not to mention that earnings will be out sometime next week. Or even tomorrow. I doubt that anyone is playing that though.
A very steady climb now.
Seeking Alpha is always posting articles to further their hidden agendas. This is just anther scare tactic to keep the price down. They're most likely short this stock.
Of course, a reverse split is possible, but the point they made about no catalyst coming to bring the price over 1.00 is not even close to being correct.
You could be right about them waiting until earnings to announce any more contracts or debt restructuring.
I'm sure there will be a loss again, but possibly it will be less than expected. Plus they have to have very good expectations for the next quarter since prices of REE's are skyrocketing.
All good points. MCP has huge potential, no matter what some are saying.
All good points! And all reasons that I haven't sold yet. Waiting for that bigger run to sell shares. But will be holding some also for longer.
I usually don't buy and hold, but this one has way too much potential to not hold some and see where it will go in the near future!
Definitely should be! Unless the shorting and other stock manipulation going on doesn't hold it down.
That sucks! You gotta get lucky sometimes.
You're absolutely right! Only problem is that one word we're still using.....IF.
This is a pretty bold prediction. Not necessarily the PPS, but the announcement of a deal with MCP and Tesla.
The announcement of their new nano technology silicon anode battery tomorrow night would certainly be the time to make the announcement with Molycorp.
We shall see!
This is why shorting should be eliminated completely. At best, much more restrictions should be placed on the practice. It's too easy to manipulate, therefore I would say just eliminate it altogether!
It's completely non-productive to a business.
Look again! GREEEEEN
$1.50 would be great by Friday, but I'm not counting on that without big news.
But then, MCP has so much potential going forward, that's why I intend to keep a percentage of my shares for a longer hold.
Yep, timely entries is the hardest part for me. I really hate holding money in one stock for too long.
I'm working on using indicators and combinations of indicators for better timing of entering just before a breakout. Hit and miss so far.
It would be nice to see them mention debt restructuring on their earnings report.
Earnings is showing for May 5th on my Ameritrade page.
Way too much pumping on BAA! I'll watch, and I'll jump in if news comes out, but not before.