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Peabody Energy Corp. Message Board

  • Run_by_HR Run_by_HR Apr 17, 2012 11:50 AM Flag

    Pay attention to the resistance levels: $28.61, $29.28, $30.45

    Peabody Energy (BTU) Crosses Pivot Point Resistance at $28.61
    1 hours 16 minutes ago - Financial News Network Online - Pivot Alerts

    Peabody Energy (NYSE:BTU) has opened bullishly above the pivot of $28.12 today and has reached the first level of resistance at $28.61. Should the shares continue to rise, the resistance pivots of $29.28 and $30.45 will be of interest.

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    • Run: BTU as a long term investment seems to have two distinct camps. I'm not talking about posters on this board. I'm talking about investment advisory services. Half say coal is beaten down and will do fine going forward. The other half believe coal will just keep declining as a fuel as other sources take coals place. I'm not sure if I've ever followed an industry where enlightened advisors are so opposed to each other on the very survival of the indusry that they cover. Whats your take on the long term future of coal?

      • 1 Reply to southbuckeye
      • Ref: "History of Crude"

        History always repeats itself, always.

        Capitalism will win, it always does. It has in China, in Russia, in the US, everywhere. Exxon (and others) will have to make money with NatGas and they are trying like mad to create demand at these low prices by losing on the oversupply. When they get the demand, WHAM! production is limited, price climbs, other sources come back into favor.

        Again, Ref: "History of Crude"

        Of course the world will end in December so take out a big margin account and live large ... NOT!

        Investor patience versus the neurotic markets drivers of Fear and Greed. Trust me, I have now lost nearly $1MM on coal and have felt the fear side.

        What do you think?

7.71+0.13(+1.69%)Dec 24 1:07 PMEST

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