MP Systems Corp. (formerly Molycorp) Message Board

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Gold/Mining/Energy : MP Systems Corp. (formerly Molycorp)

MCP 30,550

-6.9%

Nov 5 4:00 PM EST

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From: BitterSalt	5/8/2013 7:34:35 PM
	of 111

Can someone explain what happened to cause today's (May 8, 2013) intraday chart? I am interested in how shorting operates on MCP. This was unusual mid-day activity that covered a range of 5.60 to 6.07 with swings up of 7.3% and down of 7.7%. Are traders covering their shorts starting at 1pm? Are sellers depleted by 1:15pm? Why the linear "avalanche" till closing? Is it oversold at 3:45 and bargain hunters moving in anticipation of tomorrow afternoon's earning report? Is this typical of high shorted stocks with characteristics like MCP?

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