Bullboard - Stock Discussion Forum Molycorp Inc MCPIQ

Metals & Mining Industrial Metals & Minerals

"Neo Performance Materials is a supplier of advanced materials used in a wide range of technology applications across many sectors. Its products include Neo Chemicals and Oxides, Neo Magnequench (magnetic materials and alloys), and Neo Rare Metals."

Add To Watchlist

OTCPK:MCPIQ - Post Discussion

Molycorp Inc > MCP) Loses 24.5% As Higher Costs Cause Earnings Mi

View:

Post by Danalo on Aug 03, 2012 1:21pm

MCP) Loses 24.5% As Higher Costs Cause Earnings Mi

Molycorp (MCP) Loses 24.5% As Higher Costs Cause Earnings Miss
Molycorp (MCP) Loses 24.5% As Higher Costs Cause Earnings Miss
Aug 03, 2012 (Marketintelligencecenter.com via COMTEX) --
Molycorp (NYSE: MCP) slumped Friday after the company reported adjusted earnings of 3 cents per share, short of 8 cents per share in the year-ago period. Higher production costs hurt the company"s margins during the quarter. A September 15/18 Out of The Money Bear-Call Credit Spread looks like an attractive way to play MCP today. This strategy aims for a return of 9.09% and MCP is 28% out of the money. Recent support for this stock has been demonstrated near $15.13 while resistance has been around $17.71. Molycorp is trading today at $11.75, down $4.32 (-24.46%) from yesterdayaEUR(TM)s close. The stock began the day trading at $13.34 and has moved between $11.65 and $13.49.
MarketIntelligenceCenter.com

210