Ree is following on the heels of MCP which made a big deal last week but more than that it's related to what China is doing with the rare earths. It's a long story which has been rollong along quietly for several weeks. Ree has been a laggard and is catching up now.
Jon Najarian has spotted some unusual options action in Rare Element Resources [REE 11.73 1.57 (+15.45%) ].
The volume of January 11 calls in REE, leads Najarian to speculate the stock could make a sharp move higher. He’s also spotted a great deal of call buying in Molycop.
It's going to move more after China just slashed by 11% it's mining exports. see news on either ree or mcp and it will explain. should be another good day for both.
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