Patriot Coal Is Already Losing Money, And It's Likely To Get Worse
Per article today. Looks like PCX isn't going to make it after all - looming bankruptcy . BTU sold off the coal along with huge debt burden. Wonder why Ben Hatfield climbed aboard - why go aboard a sinking ship? Stay short down to zero. No QE3 and war with Iran along with end of Mayan calendar is end of world as we know it. US will have 20 trillion in debt at end of Obama's second term, BUT, everyone will have health insurance which is so important since everyone in US is so very sick. I've been to Dr. once in past 16 years for sinus infection and prior to that just for baby shots. (Except for broken knee and concussion due to drunk driver who hit me head on after driving wrong way on interstate downtown - that doesn't count). I don't get how everyone is so sick? I've gone to dentist (orthodontist) more than Dr. that because I had braces to obtain perfect straight teeth - which I have and white too. I have gone to auto repair shop more than I have gone to Dr. Why don't we all have auto repair insurance or full dental insurance?
No BK, no buyout, no profit. With 200M new shares BK isn't realistic. Please stay on the long side, no short wants to trying to bash the market or this company. You're one the best contra-indicators on the planet. If you're going short it may be time to consider the alternative. LOFL
There is no alternative. Short is the only way to go. This POS will never amount to anything - you are right 100 percent. Without the Fed to pump up the market and commodities, this POS is headed back to $2.74. I will take the ride down to make up for losses and call it a learning experience.