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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Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool's disclosure policy always gets a perfect score.