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| PRIME STOCK NEWSLETTER FOR December 21st, 2010 |
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Position
Statement: In our Prime Recommendation Letter we attempt to identify the recommendation with the highest probability of moving higher. We recommend that stop orders be placed at the time of purchase, and once the position has moved profitable we recommend a stop be placed a minimum of $0.375 above the purchase price and moved higher as the position moves higher. |
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Today's Comments: Oil was higher by $0.77 to $89.37 per barrel, and Gold was higher by $6.90 to $1,386.10 per ounce.
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Recommendation: Buy
Molycorp, Inc. 'MCP' |
| Company: Molycorp., Inc. |
Symbol: 'MCP' |
Closing
Price: $39.25 |
Web: www.molycorp.com |
YH: $33.89 YL: $12.10 |
EPS: ($0.97) P/E: N/A |
Shares
Outstanding: 82 Million |
Forecasted
EPS: ($0.31) |
Market Cap.: $3.7 Billion |
| Dividend: N/A |
Yield: N/A |
Aver.
Daily Trading Volume: 3.2 Million |
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| Price Targets: $49.32 |
Downside Stop: $38.13 |
| Options Rec.: January 40 Calls @ $2.45/contract |
Options
Symbol: MCP A 40 |
| Options Premium Sales Strategy |
| Options Rec. No Suitable Options Recommendation |
Options Symbol: N/A |
| Break Even: N/A |
Profit Potential: N/A |
Est. Return: N/A |
Annualized Ret. (est): N/A |
Additional information on Molycorp, Inc. 'MCP' can be found (here)
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Company Description: Molycorp, Inc., a development stage company, focuses on the production and sale of rare earth oxides (REOs) from stockpiled feedstocks in the western hemisphere. It operates the Mountain Pass mine, a non-Chinese rare earth deposit. The company was founded in 2008 and is based in Greenwood Village, Colorado.
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Chart updates daily |
A full list of the news headlines for Molycorp., Inc. 'MCP' can be found (here)
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Our Analysis: The shares of Molycorp., Inc. 'MCP' set a new yearly closing high yesterday on heavier than normal trading volume. In the process the shares of 'MCP' completed a "cup pattern" with a measured move to our stated price target of $49.32/share. I see downside support on the shares of 'MCP' @ $38.56/share, and have set my stops accordingly @ $38.13/share.
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Stocks
Looking Higher |
JNPR, AMZN, ARIA, PX, GR, ESRX, MAR, JRCC, VLO, UNFI, BAS, MGM, WFT, MRO, ACI, NWL, MCP, SWK, FST, CIT
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Stocks Looking Lower |
AXP, RIMM, WMT, BA, BBY, AKAM, DOX |
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| Yesterday's Edition of the Prime Stock Newsletter |
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