What to do next? - Congrats if you are still holding REE and please do not do the same stupid thing that I did last week :) I think REE is going to cross $15 soon. No chasing please but buy when it pulls back. All stars are aligning to make this Gem a Multibagger.
- China says its REEs may not last more than 15 years and it may even start importing them. Read Bloomberg article here if you have not yet.
- Takeover speculation just started like a wild fire, read about it here.
- REE's market cap is just $300 million but as per this report the estimated after tax value, at current rare earth prices, of Bear Lodge would be $598 million; and $978 million taking into account expected increases in rare earth prices. If those numbers are close to accurate, then REE would be trading at $30/share.
SLP - IBD had increased its rating on SLP to 92 and it hit a 52 week high of $3.46 today. Volume is increasing along with the buying interest and huge momentum is going to build in this stock soon.
ANTP and DHRM are still part of my portfolio.
A general Caution and Advise -As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!