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Note the final line ... "Of course there's one reason not to freak out -- those high tech products that need rare earth metals, like iPhones, are already made in China and exported to the US. This scenario will continue."
See the last slide of this presentation to see future projects:
So, for anyone who thinks that the world will sit idly by while China reduces exports of REEs, you're wrong. Further, highly speculative plays like these are bound to fall once the QE program winds down.
I'm not going to say you shouldn't trade in these and if you make a fortune, the more the merrier! But just be warned and know your risks in a highly mobile, dynamic world.
That's why I still hold Lynas after all this time. It had a HUGE dip in price from when I bought it and where it is now.
It's looking like it may pay off after all.
I still hold REE, Quest, Tasman, Medallion, Avalon, Lynas.
FWIW .. Quest is very close to an AMEX listing which should raise it's price soon.
Cheers.....
How many of you took my info to heart and bought Quest Rare Minerals @ $6.50 on April 7th ??
Closed last Thursday @ $7.68 on the US market.
An AMEX listing is Immenent and will push it much higher.
Last edited by silverfox; 04-22-2011 at 06:40 PM..
Silverfox,
Wow! I was just looking at Quest Rare timeline. Just two yrs ago, it was around .05 cents. Did you stockpile this back then? You probably could retire by now if you had.
Do you know why the stock is been dropping lately?
$2.60 to $2.29, since around April 10th.
I see no negative news.
Thanks.
Short answer ... Welcome to the High Volatilty in Rare Earth Stocks.
I do not see any particular reason other than it might have gotten a little ahead of itself temporarily. I really do not follow it day to day anymore as it is a Core long term hold position and I am used to these moves.
Silverfox,
Wow! I was just looking at Quest Rare timeline. Just two yrs ago, it was around .05 cents. Did you stockpile this back then? You probably could retire by now if you had.
JL,
If I told you what I paid for the first BUY you would probably not believe me.
I caught onto this stock back before Jim Dines recommended it.
I can remember approx 300,000 shares in the under .13 range.
Back then I was mainly Trading it, but I did end up later on... around June 2009 by starting to take a Large Core Position @ .27 and up. Still hold most of it today.
And Yes I have Retired some time back.
Lets just say I don't have to take ORDERS anymore ... Except from my WIFE.
SF
Last edited by silverfox; 04-29-2011 at 07:32 PM..
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