ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on December 12, 2012. Click here to read the entire piece.) It turns out that recent put buyers in Molycorp (MCP) may have had the right idea, but their bearish trade may have a very short shelf life. After hours on December … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 9, 2012. Click here to read the entire piece.) Almost a month ago, John C. Ashburn, Executive Vice President & General Counsel of Molycorp (MCP) purchased $101,300 worth of MCP stock. This purchased converted him from an insider seller during … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 7, 2012. Click here to read the entire piece.) Many rare earth element stocks have taken on new life in 2012 as investors and traders have scrambled to speculate on some of 2011’s poor-performing stocks. The current run-up has been … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 29, 2011. Click here to read the entire piece.) On August 15th, Mark Smith, the President and CEO of rare earth producer Molycorp (MCP) made one of the strangest insider purchases I have ever observed. {snip} Two weeks ago, on … Read more
2011 has turned in to a tough year for rare earth producer Molycorp (MCP). After increasing almost 4 times in 2010 from its opening price, MCP has suffered a slow and steady decline since hitting all-time highs in early May. MCP is now down 44% for the year. Source: FreeStockCharts.com Molycorp’s weakness comes on the … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 13, 2011. Click here to read the entire piece.) On Thursday evening, November 10, 2011, rare earth miner and producer Molycorp (MCP) reported strong earnings. There were no surprises given the strong guidance CEO Mark Smith delivered the previous week. … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) Mark Smith, CEO of rare earth miner and producer Molycorp (MCP), appeared on CNBC again to discuss his company’s business and conditions in the industry. Smith provided an interesting “sneak peak” … Read more
During a conference call on September 14th, investors urged Great Western Minerals Group (GWMGF.PK) President and CEO Jim Engdah to fill the company’s financing needs with a share offering. They preferred dilution to the potential of selling the company short in an offtake deal. They insisted time was of the essence while the stock was … Read more
Rare earth producer Molycorp (MCP) appears to be on the edge of another big move. A Bollinger Band squeeze is again forming around the stock. A squeeze occurs as volatility decreases, and it typically leads to a burst of higher volatility in the form of a strong move up or down. The chart below uses … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) On Tuesday, September 20, a JP Morgan (JPM) analyst slashed his price target on rare earth producer Molycorp (MCP) from $105 to $66. This reduction in upside from 100% to 25% helped plunge MCP to … Read more