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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To: sense who wrote (42)	2/27/2013 1:22:46 PM
From: feedmindanaochildren	Read Replies (1) of 111

Can't argue with any of that. REE's are a bubble and when MCP makes a bottom it will be most likely involve a basing period on the chart...which is why I am only "playing" with a small amount of shares. If I own 200 shares and it breaks the 5.75 support (which is highly likely) then I will see where the next "bottom" is and attempt to add if it tests that area...again only for 100 shares. I guess I feel more comfortable going against the charts when a stock is selling below bookvalue and someone(s) are willing to buy a large stake in the company....but again I nibble at this point. I also am a greater proponent of REE's (despite their collapse in price) and I fiddled around with some prominent dot.com stocks after the collapse...but I also looked for signs of confidence from insider transactions...ofcourse there was NO book value to lean on with those (which was part of the problem) whereas with the REE's I believe they are the future of our era and have some meat and potatoes to them ...sort of like real estate....(but not really ;) You know they aren't going to go to zero.

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