Outstanding short interest in JRCC on Feb 15, 2011 has reached un-precedent insane level:
14 MILLION shares shorted.
Same is true for PCX: 18.44 MILLION shares shorted.
Same for ACI, 21 MILLION shares shorted.
All these cold mining companies are at historically high outstanding short interest.
It is insane for any one to short at rock bottom prices, when natural and coal prices are poised to recover and rally big time. When there is such a huge demand from China and India. There will be a huge bloody short squeeze.
Shorts have truely gone insane remaining short in JRCC below $6.00. That's why they deserve to be fried crispy.
You have NO CLUE how bullish coal is. I have been pounding on the table and telling people all the actual numbers. No one listens until we see JRCC reaches $100+ a shares. I guess few people are interested in making money, no? If you are interested in making money you would have listened and then study the data yourself.
When I present facts and numbers and reasons all I get is a rush of personal attacks against me. I have long gotten used to this. Personal attacks received are verdicts that I have been absolutely right.
Read above on China coal demand.
But the likelihood of getting burned was a distinct possibility. JRCC and PCX could easily drop to $4, it would be no more explainable than the 70% drop in pps during the past 8 months or so. There is so much psy/emotional movements in price. Where's the macro evidence of the past xx months to actually support the skinning alive of the pps?
<<You have NO CLUE how bullish coal is.>>
Don't underestimate the people who are bullish on coal. They might have a different TIME frame that you do, however. Keep pounding the table. We can use all the cheerleaders we can get. Also, if you are that bullish, I would highly recommend (again) to, in addition to your JRCC, take on a substantial position in KOL to minimize the risk of being in just one company's stock.
I still own the stock. Can you not read ? What is UP with the emotion on this board today ? I don't get too emotional over gambling. You shouldn't either. You're a good human being; I can tell from your posts. JUST RELAX. It doesn't matter whether anybody else shares your view or not. If you fell a strong conviction: GO with it. No need to try to proselytize others, is there ?
I am holding and I will buy more tomorrow.
Shorties have tried their best to knock down JRCC today. They can't even push it down 7%. They have exhausted and now they have some 15M shares to cover and willing sellers have been depleted.
Short squeeze coming!
You cannot afford to buy any more, you hopeless pumping moron! You are maxed out from holding the bag in the high 6's and beyond and NOW you are swimming in HUGE losses.
I was just digging through your posts. You had to sell silver coins to average down! LOL! That is friggin hilarious!
He 'hangs on' to this BS Fantasy of what happened 4-5 years ago!
He's in this around 9.70 with latest buys at 6.66.
Maybe another Seeking Alpha article can keep his fantasy going.
Triple digits JRCC....LOL
Good, then Sayonara! You have been in JRCC longer than I get in and you suffered a much bigger loss, so you call it a quit and get out of here below $6 a share. Good for you. Good riddence. Sayonara! Auf wieder sehn! Adios! Bye bye!
We don't need weak hand longs to stay. I am holding on. I am not selling here. Let there be a disaster tomorrow and I will buy more. I don't know what happens tomorrow but I know in a few month coal will be incredibly bullish.
So Sayonara to all weak hands.
Not believing JRCC can hit triple digits, and within one year from now? Think again.
JRCC was at $3.56 a share on Aug. 16, 2007. It was $62.83 on June 19, 2008. It took only ten months to get there. The total gain is $62.83/$3.56 = 1765% = 17.65 fold
JRCC is at $5.75 now, pretty near it's 52 week low. From this level, give it ten months and give it another 17.65 fold gain one more time, JRCC should reach $101.49 per share TEN MONTH from now.
Not beliving history will repeat? I think my estimate is too conservative, the fundamentals of coal, globally, is way much better than 2007/2008 due to demands from China and India.
The increase of China demand alone in the last few years, EXCEEDED the entirety of US annual coal production.
The shorties know there will be a huge surge tomorrow, so today they are utilizing the last opportunity to knock down price to try to cover as much as possible. Come tomorrow the shorts will be fried.
Look at today, natural gas price surged up violently, which means coal price is going up in sync as well.
And look at tomorrow, the 0.165M tons of metallurgical coal that JRCC did not report in Q3, will be included in Q4. That shipment of coal is worth $26.4M. So it goves Q4 result a $53M boost over Q3.
Chicken littles should sell today. Those who can endure the pain, will be richly rewarded tomorrow.
The only chance shorts can be proven right is if JRCC files bankruptcy and the stock goes to zero.
Failing that the shorts are deadly wrong and JRCC will surge to triple digits before shorts have a chance to cover.
Before that JRCC might go a bit lower but it does not give the shorts any chance to cover the 14M shares shorted. There will be no net selling from the longs at such low price, and there are plenty of by-standers ready to jump in at any dip. Where can shorts find willing sellers at the rock bottom? Other than a few scared retail longs there are NO 14M shares to be sold here.