Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: After a previous pop yesterday, shares of Molycorp
So What: Molycorp is one of the few companies outside China that's mining rare earth oxides, which are used to create batteries, certain ceramics, and lasers. Its customer list includes Albemarle
Now What: Molycorp is virtually the prototype for what we call an informed speculation. If you choose to invest, do so knowing that, like a biotech, the company will need plenty of funding to build a sustainable business. And even then, there are no guarantees.
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