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inthemoneystock (< 20)

Molycorp Inc May Be Getting Ready To Rip Higher



June 30, 2014 – Comments (2) | RELATED TICKERS: MCPIQ

Molycorp Inc (NYSE:MCP) is trading at 52 week lows and hated by most investors for its poor performance. While the markets trade near all time highs, this stock has fallen throughout 2014. That may be about to change. Commodity stocks in all sectors have started to catch a big bid. Look at stocks like ConocoPhillips (NYSE:COP) in the oil sector or Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) in the copper and gold sector. They are all taking off to the upside. One of the few commodity sectors that has not started to run is rare earth mineral plays. This is the bread and butter for Molycorp Inc. At a current price of $2.55, it is priced at almost bankruptcy levels. This can be looked at as a high risk but also very high reward play. Commodities are hot and likely to get hotter.

Gareth Soloway

2 Comments – Post Your Own

#1) On June 30, 2014 at 10:24 PM, awallejr (35.47) wrote:

Been eyeing this sucker.  What it mines the world does need.  Regis might still have a shot at recouping his losses.

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#2) On July 02, 2014 at 12:21 PM, embodiedheart (36.42) wrote:

any thoughts on the $1.60 comment today by Seeking Alpha?


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