September 24, 2010
WE SCALED IN SHORTS ON MCP FROM $27.35 AND REE FROM $7.10
We will add to the positions per the prior post.
… Please click here or the title below to read more.
September 24, 2010
MAKING MONEY FROM RELEASE OF THE CHINESE BOAT CAPTAIN
There have been reports that China will halt exports of rare-earth metals to Japan given tensions between the two countries arising out of Japan detaining a Chinese boat captain.
On the above reports MCP and REE, two rare-earth metal stocks trade in US have moved up.
Today’s decision by Japan to release the boat captain will ease tensions and in all likelihood exports of rare-earth metals will continue. For a short term trade, we will scale in shorts on MCP and REE in the pre market and at the open based on technicals only if prices in the approximation of yesterday’s close to yesterday’s high range are available.… Please click here or the title below to read more.
September 24, 2010