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Peabody Energy Corporation Message Board

  • happyperson_1 happyperson_1 Jun 19, 2013 3:22 PM Flag

    Sorry for longs but here is wall street at it's finest.

    Institutions unloading BTU. Brokerages have so many sell orders. Brokerages short while selling for clients. Price goes down with no support. Now the brokers cover with their shorts so it doesn't completely collapse. Now you have just a steady trend down. You are the banker making all the money

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    • Here is another sarcastic tidbit. They talk about dividend stocks like BTU paying 2% which is more than the bank. Yet in the last month the stock is down 25%. Little reminder that these brokerages are just like Bernie. They have no conscience when it comes to parting you from your money. Difference is they do not go to jail. Just ask Joe C.

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