Bought 5000 shares BTU @ 42.83. Will see you at 45 before x-mas. High volume at close of 12/4 indicates strong interest at this price, will climb back to 43.50 open of 12/7.
AGREE OR DISAGREE??
Coal is the current dominator of US power generation and will continue to be.
I am interested in your comments regarding this matter.
If you are in at avg 45.65 Id say you'd be looking at 3-4 weeks before we strike that price again. Hold until then. We will be lucky to see 44 at open tomorrow morning.
This will bottom out at 41 in the next 1-2 weeks and start the climb back up again.
The dollar rally is temporary, and furthermore with strong employment data boosting market moral any drop in price people will be looking to get in at any dip before the next climb.