Rare Earth and Mineral Companies are In Play
I've been watching stocks such as REE and SHZ, patiently waiting for a re-entry. I received the confirmation on them yesterday, but I was stranded (because of the snow) and was not able to access my charting software, so I was left in the dust. By the time I was able to see the charts, I was already way past AH trading hours. So, I am jumping in today. The charts and volume hint at huge gains, and who am I to disagree?
New Buys: AVL (in at 6.63), REE (in at 13.50), SHZ ( in at 5.33)
posted by Nick M. @ 12:36 PM
11 Comments:
great picks Nick. I was watching Rare earth metals sector too...take a look at MCP(molycorp)
good luck
-vhdupati
thanks Vhdupati,
MCP looks good too, thanks for the heads up on it.
Nick,
Wats going on with SHZ.
Should we sell and take profits?
Wats your take?
thanks
If it closes at or near HOD, hold until tomorrow
how about other stocks such as XING and CHGS in the same sector...read few articles mentioning them...
CHGS is just a sympathy play. Its technicals are not as strong as SHZ's. CHGS reminds me of SHZ back in October when it was bottoming out. I think CHGS's rise will be quicker and harder to time, leading to a premature fizzle in the stocks actions.
XING looks good, but gave absolutely no warning of a run-up, so it is also a sympathy play that will fizzle after a day or two. SHZ is the only one that could be timed and bought in in a low risk manner.
sold shz at 9.60. any new trades on your end..
-vhdupati
hey Nick,
whats your take on LOCM
thanks
LOCM is all right, wait for a breakout above 7.50 level. Good job on selling SHZ. I might sell later on, but I don't think I'll get a fill in the 9 range
Nick,
Happy New Year. Good luck in 2011.
-Vhdupati
Happy New Year and best of luck to you as well, Vhdupati
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