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Peabody Energy Corporation Message Board

  • techxpit techxpit Apr 15, 2009 1:31 PM Flag

    300% increase in profit in not a joke. BTU will go above $30. Just wait.

    Some pullback is expected but I think 12% is overdone. It should not have gone down below $28 and then settle in 30 - 32 area.

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    • If you take a look at the daily chart it appears to have been building an ascending right triangle over the past several weeks. It appears to be holding up right at the upward trending line of the triangle. OBV is building a similar pattern. If both patterns can hold I will feel more confident in buying some more. I agree that this is a bit overdone when you've just bested last year's 1st qtr earning by 300%. JMHO. Good Luck.

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