{"id":12743,"date":"2012-07-13T16:18:58","date_gmt":"2012-07-13T20:18:58","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=12743"},"modified":"2012-07-13T16:18:58","modified_gmt":"2012-07-13T20:18:58","slug":"even-after-insider-buying-molycorp-struggles","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/13\/even-after-insider-buying-molycorp-struggles\/","title":{"rendered":"Even After More Insider Buying, Molycorp Struggles To Generate Upward Momentum"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on July 9, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Almost a month ago, John C. Ashburn<\/a>, Executive Vice President & General Counsel of Molycorp (MCP) purchased $101,300 worth of MCP stock. This purchased converted him from an insider seller during 2011 around $50\/share into a buyer at $20.26. {snip}<\/p>\n


\n
\"MCP<\/a>
MCP continues to fail at major resistance<\/figcaption><\/figure>
\nSource: FreeStockCharts.com
\n<\/center><\/p>\n

Ashburn has an extensive history with Molycorp and its predecessor corporate entities, so I have some confidence in his investment signal…{snip}…At least short interest has finally stopped increasing. However, at 38.8% of float, shorts are clearly not impressed by anything happening at MCP.<\/p>\n


\n
\"Shares<\/a>
Shares short in MCP have finally stopped growing<\/figcaption><\/figure>
\nSource: NASDAQ.com Short Interest<\/a><\/strong>
\n<\/center><\/p>\n

A big moment of truth is soon approaching for MCP with the scheduled Q4 completion of Phases 1 and 2 of Project Phoenix<\/a>, the company’s “expansion and modernization project.” {snip}<\/p>\n

Be careful out there!<\/p>\n

(This is an excerpt from an article I originally published on Seeking Alpha on July 9, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: long MCP shares, calls, and puts; short MCP calls; long MCP-PA (preferred)<\/p>\n","protected":false},"excerpt":{"rendered":"

(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<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[199,524],"tags":[453,525,526,527,419],"class_list":["post-12743","post","type-post","status-publish","format-standard","hentry","category-commodities","category-rare-earths","tag-insider-stock-buy","tag-mcp","tag-molycorp","tag-rare-earths-2","tag-short-interest"],"yoast_head":"\nEven After More Insider Buying, Molycorp Struggles To Generate Upward Momentum - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/13\/even-after-insider-buying-molycorp-struggles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Even After More Insider Buying, Molycorp Struggles To Generate Upward Momentum - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on July 9, 2012. 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