Recent

% | $
Quotes you view appear here for quick access.

James River Coal ┼×irketi Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • cashbar1 cashbar1 Dec 28, 2011 10:56 AM Flag

    Buy when everyone is bearish.JRCC is high beta.

    What makes you think we will rally next week? We were supposed to have a Santa Rally, and that never materialized. Sure markets were up but not by much. Thursday key date as Italy 10 year bond auction will determine trading enviornment for the next week. If yields run back up over 7% towards 8, watch out below. Frankly, at $6.25, only $.84 above the 52 week low, you'd think it would be a great entry point. Coal stocks are cheap, right? Well, if the Italian auction yields jump up again, the share price for JRCC and other cols will reach their 52 week lows. At 52 week lows, I would start buying for long term, 1-2 years at $5.41 or thereabouts would be a triple MINIMUM. $6 seems good too right? I'm telling you it is too high at $6.

    SortNewest  |  Oldest  |  Most Replied Expand all replies