Seems the exact same thing can be said about GWM, which always has been my underlying concern--what now is GWM will do great, it is a question of who owns it at that time. All the more reason to celebrate what very well could be a smart snap-back in sp continuing this week.
"“If Molycorp was ever going to be taken out, it would have to be right now and not when the stock price is three times higher than it is now and the outlook is rosy,” Balter, who helps manage $100 million, including Molycorp shares, said in a phone interview from Fox Island, Washington. “A buyer would have to act when the stock is weak, value has been destroyed, management is in a shuffle and they are about to turn a corner. It is the time for someone to come write a big check.”