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  • southbuckeye southbuckeye • Apr 17, 2012 12:31 PM Flag

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

    Run: seldom have I ever encountered an industry where both the "long term will be O.K." and the "long term will be a disaster" seemed equally persuasive to me. And the articles are being written by professionals who know the coal industry. Both camps seem to make excellent cases for their position. I usually know when camps are just touting their position for a short term bounce or drop, but they both make compelling cases for the long term future of coal.

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    • Run_by_HR Run_by_HR • Apr 17, 2012 12:39 PM Flag

      If either camp would have been right, they would not be doing statistical analysis (Anthony) or "yeah, he said that but I believe otherwise" (Santos), they would be retired hiking the outback in Australia for fun for sure.

      Citi says "go - go - go", others say hold, Cramer says no comment (thinks it will go lower).

      I believe the consumer, they drive the bus. Forward statements from BTU, ANR and Arch should tell us something. They plan for 1.5+ years out. Between now and then is already known. That is why ANR bought MEE and ACI bought ICO ... MET is the future, seabourne MET makes the money.

      Run

 
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