At some price level, it likely is. It's still running, BTW. Wish I could supply a screen grab just to show how relentless it is.
BTW, earlier today, a similar bot was buying 100 share lots of ANR earlier today, at (IIRC) four second intervals. This helped drive the price from $0.95 to $0.99 over a 45-minute period, whereupon roughly 230K shares moved in a two-minute period and the bot stopped because it must have achieved its goal, and the selling began.
Within 20 minutes, ANR was back down to $0.95.
I agree, get rid of all welfare including social security, medicare and medicaid. After social security, medicare, medicaid,defense and interest on the federal deficit, only 25% of the budget is left. Which part of the 25% do you want to cut exactly. I am all for a small government.
The one-sided debate on Murray Coal (only one side makes any sense) misses the big picture: Coal is gone. Most industrial countries are plotting their way out of coal, including China. Financing for new coal power plants is disappearing. One hundred Mitch McConnells in Congress couldn't stop this very important, possibly too late, switch to alternate energy. The market for coal will collapse.
Why isn't McConnell working hard to transition Kentucky out of coal, the way they got out of tobacco? Kentucky and other coal states need leadership trying to fix the problem (local food production, wind, solar, geothermal energy) instead of opportunists advancing their short-term careers on myths and lies, betraying present and future generations.
You loss is my kids gain,thanxs for not knowing how to invest or sell!!! I'll see you at MC'ds ,big mac no pickles!!!
I notice no libtards respond to this as the facts are hard to dispute. Maybe when the country is broke and we are speaking Chinese people will wake up that industry is important and we cant give handouts to the entire country on the backs of the working people. Obummer promised higher electricity and he has made that a reality now he needs to ensure it by taking down the coal companies at all costs.
For the last hour or so, a 'bot has been selling 100 share blocks into the bid every two seconds.
That is designed to get other bots to sell larger blocks, so that the 100-share bot can eventually acquire to cover or build new position.
Hop Sing: You're supposed to be getting dinner ready, before you spread your hate. Hoss don't like his taters cold.
Sorry Markp1950 - Coal will be China's dominant energy mix for the next two decades.
China’s coal-dominated energy mix will not change for the next two decades because increased reliance on imported oil poses a threat to the country’s energy security, the head of China’s largest coal mining company said on Saturday.
FENG YONGBIN / CHINA DAILY Zhang Yuzhuo, chairman of Shenhua Group, told the 2015 China Development Forum in Beijing that coal will remain the country’s primary energy source, because of China’s large coal reserves and as a result of global energy trends.
“If you look at China’s economic growth, it’s consistent with the growth in coal consumption, so non-fossil fuels will not be able to replace fossil fuels in the near term,” Zhang said.
He predicted that coal will still be the country’s dominant energy source in 2030, and will account for at least 50 percent of the energy mix.
Sentiment: Strong Buy
I invested in this garbage stock and I lost everything. All the coal longs told me this is a great stock, coal is very important. Now my children can't go to college and I can't retire. Thanks long pumpers!!!