Every time they see coal stocks start to go higher, they will come out with Downgrade rating, which caused all coal stocks to go back down to earth. They recovered and bought the stock at the low, pump it up, then downgrade it again....The cycles just continue on and on. That's how wallstreet makes its money!!!!!!!
This is why I sold approx. 25% of my small position in BTU (but it is still too large) around $17.60. You just knew BTU had run up too far too fast....especially for BTU. I'll be holding even less at $18 - if it ever gets back there. Fortunately I have a bit of ARLP to more than compensate for BTU's more than mediocrity. ....Yeah, and outfits like GS almost force the little guy to play their 'dirty game'.