James Dines is still bullish on REEs and I trusted more him then some momentum trader that comes from nowhere, I think that REEs has still some upside potential, also I expect some M&A activities, maybe MCP will take over some other junior company, we should see. This is today news from MCP:
http://e.nikkei.com/e/fr/tnks/Nni20110927D27JSN03.htm