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.
those are fabricated news. no major bad in europe its called wall street manipulation. what happened two weeks ago when they say us is headed to another double deep? a month later they say things are good. i bet you one thing. there will be a great rally in coal stocks the first week of jan and willing to bet with you. jrcc will be at 8 pcx will be at 11 and anr will be at 22.
So you are saying JRCC is a buy right now? At $6.25-$6.35? The first week of Jan u think there will be a rally to $8? Really? Bet on. Your price targets are good only until Jan 06th. We'll see. If u r right, I have no problem eating crow.