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: Shares of rare earth oxide producer Molycorp
So what: Molycorp and Rare Element Resources
Now what: Just yesterday, fellow Fool Tim Beyers suggested that rare earth stocks were particularly bubbly, and I have to agree. Even when you factor today's double-digit plunge, Molycorp is still up more than 160% since its late July debut. But without China-scare headlines feeding the rare earth buying frenzy, it's tough to see how Molycorp stays at these lofty levels.
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