IMO bonds are in a bubble. IMO equities (S&P 500) are in a bubble. Some equities, like coal companies, are in the tank. When the market corrects, which it inevitably will, BTU will go down because of market correlation. So up 3.5% for 1 day, what does that mean? Not much. Presently there is way too much capacity. Until capacity shrinks, prices are going to stink. With prices that stink, and which it appears will stink badly for quite some time, I suspect this fish hasn't reached the bottom of the tank, not yet but it will at a much lower prices, probably in the single digits. Just an opinion.
dlhild...in case you haven't noticed, BTU,along with all the coal stocks, have had absolutely NO correlation with the U.S. bull market movement of the past two years...none. So, assuming that BTU will correct with S&P 500 is certainly not assured. Also, capacity in the coal industry has been shrinking for years...just ask the United Mine Worker membership, and especially non-union employees who've received pink slips since Obama began his War on Coal.
today is bottom fishing (?) for the materials sector. there is no catalyst for these value traps. be a trend follower and sit on the sidelines and not a fresh loser buying BTU here. wait for the single digits.
yeah... i've gotten burned on walter and mtl... i guess i need to keep some cash until this one goes down more... i am hoping for like 6 or 7$ a share... who knows... we could see a major correction coming... or even if we don't this one looks like it might hit 10$. only time will tell.