MCP BREAKDOWN - RARE EARTH MELTDOWN

Just wanted to post this picture and follow up from the other day's post on the rare earth gravy train.  Unlike what our government has tried to make us believe, parabolic moves upward often end up rather nasty.  Perhaps this move in the rare earths has some predictive powers on what the broader market might see in the back half of 2011.

I'm pretty sure that I'd be short MCP here now that a sell off has begun.  Now hear me clearly, this may come back to the high thirties and stabilize which frankly would be good for the stock and those that are shorting.  I think I agree with the perspective that rare earth miners could do well for the next year or two, but a 100% move on no real performance?  Remember, MCP is valued at $5 Billion and has $15 million in annual revenues......... not typically the type of valuation that is deserved.

SHORT IT!

BE VERY CAREFUL!

GOATMUG