According to the IBD, we are now in a market correction. To me, it simply means we are going to have a sector rotation. We will have new leaders, as the old leaders no longer are relevant. What goes up, must come down. What goes down, must come up. If you are a value investor, you understand this. BTU is now undervalued and is a steal under 20. It may fall to 3. You simply need to keep buying. In a few days, it can easily shoot up past 30. It is what it is. IT IS THE STOCK MARKET.
Traders are not going to rotate into a sector that is in a secular decline. Will it bounce, sure it will BTU is grossly oversold. It will rally 2 or three days and sell off again, that's what bear market stocks do. BTU isn't a value stock it's a value trap. It will be interesting to see what happens when BTU blows through the 2008 low.