Domingo Halliburton
Handmade in USA
never ending bullshyt with Greece
Boiler Room: The Official Stock Market Discussion
never ending bullshyt with Greece
Domingo Halliburton
Handmade in USA
Eurogroup ended meeting with Greece with no deal
Domingo Halliburton
Handmade in USA
heavy seller in QCOM for second day in a row.
Domingo Halliburton
Handmade in USA
@Brady Hoke's Artery
The poster child for what was once a 'can't lose' investment is filing for bankruptcy
The poster child for what was once a 'can't lose' investment is filing for bankruptcy
- Rare earth metals, once the world's hottest trade, has fallen apart.
Rare earth miner Molycorp is filing for bankruptcy.
On Thursday, the company announced that the company and its North American subsidiaries will file for Chapter 11.
It's been a long fall from the top for Molycorp, which was once a leader in the rare earth mining space, one of the hottest trends in the market just a few years ago.
Last year, we chronicled the rise and fall of Molycorp and the rare earths trade, which was all the rage back in 2011.
The idea behind the rare earth trade was that not only were these minerals hard to extract (the minerals aren't necessarily rare, but just hard to find in large concentrations), they were needed for all kinds of popular consumer products like lasers, magnets, and plasma TVs.
In short, the ability to sustain demand for these products was can't miss.
In 2010, ZeroHedge wrote: "Ever heard of the oxides of Lanthanum, Cerium, Neodymium, Praseodymium and/or Samarium? With price surges between 250% and 600% in one quarter, you may wish you have." But now, maybe not.
Shortly after the market open on Thursday, shares of Molycorp, which will likely be de-listed in the coming days, were down as much as 38% to $0.22. After going public in July 2010, Molycorp's shares more than quintupled in a year, trading as high as $74 per share.
Back in 2011, some analysts had price targets above $100 on Molycorp and industry experts were telling outlets like Bloomberg that the surge in rare earth prices wasn't related speculation from investors, but "people who are desperate for the product."
As a result, the price of rare earth metals skyrocketed in 2011 before completely crashing and doing nothing for the last few years.
Molycorp
And so while Molycorp described rare earth metal pricing as "less volatile" in this investor presentation, the price simply crashed.
And took with it Molycorp.
Read more: http://www.businessinsider.com/molycorp-filing-for-bankruptcy-2015-6#ixzz3e5A2BP9O
. i'm out..might get back in though
You have to be careful with vacant land sales. There may be major title issues that have to be resolve before you can sale the property if you decided to build on it.
nope dont want to build anything, just buy the shyt at an auction for 500 and sell it for 6000 like my pawpaw finna do in 3 years
You would have to pay property taxes and maintain the land before selling. Also if there is a lien on the land you wouldn't be able to sell it without it being resolve first. You want to make sure that the land is in a desirable area when you can get a great return on your investment.
Those courthouse auctions cater to those with high liquidity. You need a lot of cash on deck and even then it is still rigged.
paying prop taxes is no issue...
cash on hand is not a problem, i just told y'all they got land down here going for less than $600 a pop and in 3 years time of paying like maybe $50 in prop taxes you can sell it for 7-8-9 thousand
Domingo Halliburton
Handmade in USA
Tinder files for an IPO 
Looking for love is recession proofTinder files for an IPO
. Might as well go for it in this market right now
.