EARNINGS COMING in 2 days! Look for gap up to 31. 45 to 32
Facts! BTU on March 23 said EP will be at low end of guidance, they ALREADY WARNED. So what does that mean for the stock? Bad news baked in, look for mid range guidance for next quarter.. I gurantee we will see 32 long befroe if ever we see 25!! Dont get cheated out of your shares kids!
Well, I think the risk vs reward for BTU is fairly good at these levels. I don't own too much of it- around 2000 shares around 30.50.....I agree that its likely oversold and will see $35 in the near term.. Just have to have a stomach for this game.. No such thing as easy money.....My other cola holdings PCX, JRCC, and ACI have been simply horrible. Been at this game a long time and I win much more than I lose- so I am still doing well for the year. Yet you have to be humble and I admit that coal has been a terrible bet SO FAR for me. D
Hope stock price moves up. Believe that will be determined by what management says about the rest of the year. A lot is riding on coal purchases by China (thermal and met). I look forward to comments from BTU management. It will move ALL coal company shares.