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Peabody Energy Corporation Message Board

  • t4two45 t4two45 Aug 29, 2006 1:12 PM Flag

    Slumping Economy Dragging Down Coal

    As the economy continues to sag, the demand and price of energy will be impacted and it seems to be playing out that senario now in gasoline, coal and natural gas. (We filled the tanks on two vehicles today for $2.49 at the pump). Trendline seems to be breaking on some stocks, particularly the 50-day and 200-day moving average. Guess ole Irl F. Engelhardt, chairman of BTU, knows what he's doing in dumping so many shares in August, July and June, mostly in the $45 to $70 range. Of course, he only paid around $7 when exercising his options, so he made a few dollars. (Some other officers and directors have sold as well). Is some of the 200% rise in these shares over past two years going to be erased? The trend certainly says so and we have taken most of our profit. JMHO.

 
BTU
2.070.00(0.00%)Apr 13 8:06 PMEDT