I got my identity back. I am not coming back to short NEWP here. I have no desire to touch it either way or even to look at it. But folks should remember that in 2000 I short NEWP all the way from $80 to $200+ and I persisted, and I win BIG TIME. The only regret was that I covered way way too early, at $60+-ish when I could have easily shorted more and cover at $20. Now 12 years later, NEW is at $13. Where have those NEWP bullhs been?
Today, JJ tells you that the most profitable sector to jump in, is to long US coal mining sector. JRCC, ANR, ACI, BTU. This will be a much bigger coal rally than the 2007-2008 one in which JRCC went from $3.56 to $62.86, a 16 fold gain, in just ten months, Aug. 16, 2007 to Jun. 19, 2008.
damn jj, that coal call was not a good one. hope you applied TA and sold when the charts broke, instead of stubbornl holding. I might look at BTU, but with china slowing, looks like met coal prices will further crash. And thermal coal? Don't know about that.