Someone mentioned MCP today on our Trader’s Forum? Anyhow, I took a new position in the Rare Earth ETF….
symbol is REMX….it appears to be in a bottoming phase, though I don’t
proclaim to call bottoms within a penny….rather, I think it’s to the
point where the long-term upside is probably 90% likely from this
level….and only about 10% significant downside risk seems possible
from this level….I’m willing to take a little short-term pain as long
as the long term results are 50% or better from this level. A 50% rally
from the high $12s would put this one right back around the 2012 high of
$18.50…that’s not asking too much, imho.