Morning Thread

Gator's Chart of the Day: TAS

Rare earth companies have come back into the spotlight with news of MCP's acquisition.  With that in mind here is a recent IPO that could be worth watching.  THIS IS HIGHLY SPECULATIVE!!!

"Tasman Metals Ltd., a junior resource company, engages in the acquisition and exploration of rare earth elements, and iron ore properties in Scandinavia. The company owns 175 claims and claim applications for strategic metals, including rare earth elements in Sweden, Finland, and Norway; and various interests in 4 iron ore exploration claims in the Kiruna district of Sweden. It principally focuses on the exploration of the Norra Krr project located in southern Sweden. Tasman Metals Ltd. is headquartered in Vancouver, Canada." ---- From Finviz

Obviously there was a huge volume spike on Friday and the stock made a large move testing its recent high.  It is still below the opening day high so there are regretful owners.  If it clears 2.75 it could move up quickly but be ready to hit the eject button in case the rocket fizzles.  Monday would be day 3 of this move so ...