Shorts are COMPLETELY trapped now. There is no catalyst to drive it down after yesterday's big inflation band aid. All they can do is slowly cover on any dip. The problem is every dip is also being bought by those that wish to chase performance into xmas. This will hot 10 bucks very fast.
I agree that the perfect storm is forming for the severly beaten down coal sector. I own a few different coal stocks but I think JRCC is a screaming buy at these levels. I probably bought more than I should but paying 7 and change for JRCC is just to good of a deal to pass up. The large short interest is simply throwing fuel on an already explosive sector with snow just around the corner. imo