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Patriot Coal Corporation Message Board

  • iscm2 iscm2 May 22, 2012 5:49 PM Flag

    Company is fine

    The whole industry is cyclical. I have traded this stock in and out for a few years. This stock is known to be volatile and this is a deal. No fear here and picked up a good bunch today. Will be a good swing trade, day trade or long term to upside. Take your choice

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    • ^^^^^^^^^

    • I got lucky today and saw the lows and bought 3 times in the $1.50-1.60 range out after the second halt at $2.71. First time I ever traded PCX but if you think this company is OK you are out of your mind. They got a lifeline which will let them hang on for awhile. WLT was in the mid $60's 4-6 weeks ago now $48 and change. Unless natgas and coal turnaround this company will die soon. I like to be positive but reality is a different ballgame. If they survive it will be risk rewarded. I will be watching for under a dollar soon so the loss won't be so bad if they file one night.

 

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