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Peabody Energy Corp. Message Board

  • dark_glimmer dark_glimmer Aug 15, 2013 10:54 AM Flag

    Hindenburg losing altitude?

    Not much more than a small snag so far. But if it were to rip?

    Best keep the duck tape handy just in case...

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    • You just picked a side of the coin, which does not even exist. ACI and ANR are BOTH up today. Coal is NOW going up. If you are too blind to see this, you are too blind to invest.

      Sentiment: Strong Buy

      • 1 Reply to a213579
      • The Hindenburg refers to the broad markets which did not have a good day. The A/D line shows about 5 losers for every gainer and I would guess commodity stocks made up a good portion of those showing the gains. It's not just coal, but energy in general, the metals and many of the soft commodities that did relatively well. The question is how will they fare if the market were to take a 10+% haircut over the next few weeks. My guess is they get dragged down a lesser amount but down nonetheless. BTU just finished flat with yesterdays close, KOL down only 19 cents. Both respectable with dow off 225 and accelerating it's downward trend on the daily. The Nasdaq and NYSE also got hit and are taking out short term supports. I simply am urging caution until the big picture improves.

 
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