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Arch Coal Inc. Message Board

  • khan_bas khan_bas Sep 26, 2012 8:08 AM Flag

    This will go up today

    way oversold. Panic sellers are gone. Time to buy

    Sentiment: Strong Buy

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    • This stock is on the way to testing previous lows... There is NO good news for coal prices in the short-term. NG may be headed up (a little) but oil is trending down and that's the biggest barometer traders watch. I'm a buyer at the $4 handle for a trade back through $5... the trend is quite clearly down so if you're bottom picker set your sights reasonably below $5.75 IMO.

    • Panic sellers were gone a long time ago. This volatility is just trading. I wouldn't be surprised to see ACI drop back down below $6 again and then shoot back up to $7. If NG keeps edging up then we could see another pop back to $8 but I don't see it going any higher with all of the negativity in the sector and a basic uncertainty with not only the US economy but the global economy. Elections, fiscal cliff, fall-out from all of the QE, China slow down, EPA regualtions....on and on and on....

      That being said, I don't see any bright spots (long-term catalyst) for coal right now. Might as well write off 2012 and start focusing on 2013. JMO