January 24, 2011 1:55 PM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Molycorp (NYSE: MCP) announced today that its Board of Directors has approved a Phase 2 expansion plan that is expected to double the production capacity of its Mountain Pass facility in California. The expansion is expected to provide Molycorp (MCP) with the ability to produce an annual rate of up to approximately 40,000 metric tons of rare earth oxide by 2013. The company also filed a registration statement with the SEC in connection with a proposed mandatory convertible preferred stock offering by the Company as well as an offering of common stock by certain stockholders.During Monday's trading session, MCP shares have surged more than 7% on heavy volume to $46.09. Molycorp briefly traded above $60 in early January. The company currently has a market cap of $3.79 billion.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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