Will Rare Earth Plays Come Back to Earth?
So after getting taken to the cleaners after red thumbing MCP and REE, I was reminded once again the only thing worse then trying to catch a falling knife is trying to catch a runaway rocket that has no cap to the upside. I have now green-thumbed the pair and have my fingers crossed that they don't sell off hard before the 7 day holding requirement is met. I would love to see a good valuation model on this industry now that China is scaling back rare earth exports. Some time in the next two weeks the momentum traders will move out and I would expect atleast a 10-20% haircut in these names. For now, to the moon!