is coming into play. Nat Gas down almost 5% now because of warmer than expected weather forecasts for January.
Can't base a decision to be long ACI on the coal fundamentals or weather in the U.S. Forget about the U.S. You need to watch China, India, Europe.... anywhere, but here. Buying opportunity today in ALL of the coal names. Just be thankful that the "fiscal cliff" deal pushed it up this morning or we would be down a whole lot more.
I'm starting to sense the energy complex still has gluts to work out before the pressure of growing economies can have it's effect on prices. I agree with you in the big picture but it's hard to stomach 10-15% losses in the short-term to realize the 100% profit in long-term. I'm sure none of us on this board are holding speculative stocks like this one for the long-term. If you were... you probably wouldn't be on this board. I think there is better value to be had if you're patient over the next month or two.