Your point being they are right next to each other???? They could have packed up and moved to WV but they didn't... Still a Peabidy run firm. For tax purposes and money they soun it off.
Where were you when it was 3???? You should just stay quiet as you know very little about how these coal companies are run and how the relationship with BTU is very real. Ask yourself why did BTU spin off PCX? The Ford and GM is a stupide example. PCX is BTU's Eastern App play. The company is still run by BTU so don't fool yourself. Just ask someone who works at Peabody or Patriot.
I applaud your short trade, you got guts. I'm just confused why there are so many trades bidding up PCX? I can't go against the tape it's suicide IMHO. O I agree that a takeover is pure BS.
Good luck with your short...