you called this one right so far. i've been shorting yesterday, went to bed upside down hugely, turned that into a gain this morning, then shorted again at 19.11, and upside down again at the moment. i can't figure out why this thing is up, to be honest. consol's beat was related to natural gas, anr's beat (bought anr long in premarket, sold for a nice gain) was related to cost cutting specific to anr. what has btu done to be up so much? i too think we'll finish the week in the 18's.
i agree....i'm a railroader.....the best Class I, actually :) we're seeing super low domestic inventories....and not seeing the historical head/shoulder dip in spring months, as utilities back fill. believe that we might test 20's sooner than next 10 days. buffet meeting this weekend, might shed some insight/light on this oversold market....he owns the other, BNSF, which wouild love to haul more coal, too. i follow the flue gas emissions market quite closely and it's same story different day with EPA.....this already factored in......I have truck load of June 20's and now buying out of money Sept 27-30's for cheap, as trend is our friend and it's up, up and away. THEVI