I told you a couple of weeks ago, "they" are going to do to JRCC the same thing "they" did to Ferro (FOE).
There is a group of investors after two hedge fund managers that keep taking huge shorts, and it is playing out in specific equities. Again, the Proxy can already be played and enough shares have been acquired to prevent a short cover at theses levels. Look stock going up and JRCC still in regSHO. Has nothing to do with coal or earnings. They are out to Bankrupt the two hedge fund managers that are all short the same equities. Over 50% of all shares have now been bought up in various accounts so that they don't have to file 13D/G and they have moved them from Margin to Cash to prevent them being in the short pool. I doubt they will stop buying until we see 6 or 7 and a proxy bid, JUST LIKE FERRO.
There has been a short attack on coal and natural gas since the beginning of 2013. I believe that they are trying to clear out their short positions since they understand that later in 2013 with rising natural gas prices, the coal and natural gas stocks should be strong.
A good way to clear out the short positions is to stage a frontal attack on the stocks to lower the prices and then buy the stocks at a low for the ride up the roller coaster later in the year.
While this conspiracy theory about large investors who are out to punish the hedge funds for their double dealing ways is interesting, I don't know how it can be proven.
We will know that the short hedge funds are broken when there is a short squeeze and their boy - coalporter - disappears from these message boards,
Do, some digging. I am sure you can figure it out. Look at who is behind the Ferro Deal on the Retail and Hedge fund side. Look at who their BIG retail money investors are. Look at the opposite trade on the Investment Banking side against the Goldman trader that is short AKS. Then look at the bigger short positions in coal, steel, and shipping and what really big family names stand to gain the most by buying up those stocks a few months ago to only find out the hedge fund they were doing it through had another hedge fund opposite the trade on purpose. It may take you a few hours, but I am sure anyone will be able to figure it out.
Not wise to bet against retail money that has unlimited access to capital and their friends. Also, look for the four major families that moved Billions in assets from Goldman. Heck most of this is on Google.
You see, the two hedge funds kind of screwed with the wrong retail money, and already know where the hedges are short and in regSHO or on the brink. Going to do it on AK Steel (AKS) and Vringo (VRNG) as well. The short is the retail investor group has access to Billions in capital and the two hedgies should have done their homework before screwing them.....Especially since the two hedges together have assets of less that 2 Billion. I will enjoy watching it all play out.