Wednesday, 17 July 2013

MCP Follow Up: "I Sold for a 50% Gain"

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MCP Follow Up: “I Sold for a 50% Gain”

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Wednesday, July 17, 2013

“(I entered the) MCP August $6 Calls on July 2nd for $0.65 and sold July 10th for $1.00 for a 50% gain. Thanks Again (will be back as full time subscriber)” – Jim M.

Back on June 28th, we featured rare earth minerals company Molycorp (MCP – NYSE). At the time, we called MCP “The Stock of the Future – For the Next Six Weeks.” Specifically, this is what we wrote:

“Common sense, track records, and profits don’t matter a bit – a cult stock’s fans will crowd in on almost any excuse and drive share price sky high for a week or two. Case in point: Molycorp, (MCP – NYSE) produces rare earth minerals. Most investors have no real clue as to what these rare earths are, other than the fact that they are used in “all sorts of critical high-tech manufacturing.” MCP has been in a long-term slump almost since the day it launched some three years ago. But that hasn’t stopped MCP fans from creating numerous short-term opportunities along the way. The median follow-on gain following each bottom has been +56.00%, and the average gain has been an amazing +135.72%! The rallies never last – but what an incredible ride.”

Fast forward to today – and you’ll see that Molycorp has gained over 40% the last month. Admittedly, most of the pop came from an upgrade by Byron Capital, who now rates Molycorp as a “Strong Buy.” But whatever the reason for the pop, this is exactly the move we called for back in late June. If you followed our advice and played a quick MCP move (like Jim M. from above), then it’s time to take the money and run.

MCP is Just The Tip of the Iceberg: If you think this move in MCP was exciting, then you need to join our daily Bottarelli Research Options service. Over the last week, we’ve routinely hit daily winners — including returns of 20%, 24%, 36%, and 40%.

If you want to receive trades as powerful as MCP on a daily basis, then it’s time to join our daily trading service now. Act today, and you can join for a 50% “New Member” discount.

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