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Peabody Energy Corp. Message Board

  • southbuckeye southbuckeye Mar 26, 2012 11:36 AM Flag

    Down has turned to flat

    For the last year BTU has dropped from 73 to 30. But for about the last three weeks it has bounced around the 30 line. It appears many investors at this low level are equally split among those feeling it will go up and those thinking it will go down. The longer it stays around this 30 level, which also is a round number, the more investors will begin to think it has finally bottomed out. Then gradually more money will flow into BTU than out of it. I think we are close to this occuring at the present time. At the very least, I believe BTU should begin beating the Dow Jones percentage wise from this point going forward.

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