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Arch Coal Inc. Message Board

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  • lo_octane lo_octane Oct 25, 2012 5:22 PM Flag

    Bets on the table. Down and dirty?

    I'm one of those longs. I made a lot of money in ACI in 2010-2011, and sold in the low 30s in early 2011. When the price dropped into the low 20s, I bought back in, and bought more at 13. I'm tempted to go to the well a third time and buy more at 7, but it violates my "rules" to tie up too much in one stock. I think the best we can hope for tomorrow is a more optimistic outlook from ACI; that should limit the downside.