James River Coal Co. Message Board
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Snow Storm in Northeast
Seems this stock goes down, and then a snow storm comes in and people will be loading up on coal, specially the ones further north that heat with coal. So this stock should pop up Monday, but think I will get my buy in today. Look back last time when it went to the 2.80 area.
Sentiment: Buy
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There is a similar massive snowstorm predicted to hit the Northeast at the end of next week.
- 2 Replies to gray1808
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Gee those snowstorms really helped the stock price.
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Our real hope is in coal exports or a massive run up in NatGas.
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I am from the north east and don't know anyone that heats with coal. That said cold weather and need for steel is what will move this stock
- 1 Reply to hamdengrinding
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Anyone that uses electric power to generate their heat could indirectly be using coal. Coal being burned at the power station. In any event, cold weather is good for coal, burns up the coal inventory stock plied at the power units.
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