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Peabody Energy Corporation Message Board

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  • elle_cid99 elle_cid99 May 23, 2011 3:35 PM Flag

    I'M OUT - F*** Cramer

    What's wrong with buying BTU at these levels? Australia's stock market heads up over the summer according to research I read. BTU has strong presence there. Does anybody really think China is done buying coal? Seems to me China did this prior to summer Olympics and scared people only to roar back with high demand. You have to remember the Chinese are not dummies. When commodities in general and coal and iron ore in particular get too high, China cools purchasing, drives down costs and later starts buying again.

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    • 63bluxome@sbcglobal.net 63bluxome May 23, 2011 6:40 PM Flag

      because i will not invest in 20th century energy policy. short from 65$

      • 1 Reply to 63bluxome
      • Last time I wrote we were looking over the side of a cliff. 24% selloff from 73 to 56 and change....Only took a couple months with most of the damage in the last two weeks. Massive change in psychology too. Now most of the posts I read are either damning Cramer or calling BTU a POS....Regretful. So you should have bought puts if you were long the stock when it was in the low 60's. That opportunity might have past but I wouldn't get rid of the puts just yet as we either going to turn on a dime here and move back to 61 which would trigger a buy signal or cascade south and confirm the break below the 200 moving day average with another sell signal at 56. One further point...This stock is NOT trading on fundamentals and hasn't been for awhile. It is collateral damage to every hedge fund that is selling it to cover losses in other parts of their portfolios or the forced liquidations.....

 
BTU
1.09-0.12(-9.58%)3:59 PMEDT