I still own this "lump of coal." But why is it weak? Let's see...the tea leaves...hmmm...they're telling me weakness in China....recession in EU....EPA issuing stricter regs., coal plants closing, regardless of the hype...cheap cheap NG to compete. I dunno, what do you think? Is it a buy at this price? Maybe I'll buy more at $4.
I believe the high short interest is due to the converts they issued earlier this year. Some have a conversion price of 25.00 or more. They are just hedging their investment. This is a solid company and coal is going to be used for as long as we are alive. Stay the course and think ICO. It will probably happen here. Good luck in this rigged casino..