Well....yesterday was "Tuesday" and today is "Wednesday." :) sorry..couldn't resist. I'm hoping we are still in the midst of a ascending triangle on the daily chart. I would imagine this will go under $7. I still like the long-term prospects. Obviously, Feb 5th is critical. If the triangle pattern were to play out, then the gap above $8 will be close, imo.
I think there is news out that Europe (France) will set no limits on NG tariffs. Export of NG just got touigher, and with NG at 3.25, coal isn't going anywhere. Just one of a few reasons I am sure. Floor traders playing the 30 cent game amongst themselves. Like legalized craps.
I dont' know either, everything is so much better, nat 3.30 and moving up, Euro 1.35 and moving up, last yrs sellers gone, news from china better, btu CC good but sold off today taking all down..coals are not even trading like last qr...btu was up 3.00 and held, but in the summer btu went down, aci was up big after earnings, so was anr...so maybe next tuesday will be a payday for us suffering longsssssss! What the......!!!!
4th Qtr 2012 GDP numbers are bad.....implying the economic growth is stalling, obviously not good for the energy sector and especially bad for the coal sector with all the short interest in these stocks...If ACI earnings miss badly and executives along with weak guideance it could be a beatdown on this stock....I hope not but just trying to be realistic here
It is truly odd to see an investment go up and down 4% or more every other day. The heavy traders in the stock are creating the fluctuations, not manipulation just trading range but ridiculous for long term investors to see.
aci----- heavy short interest + weak fundementals = trading stock (stuck in tight trading range)
fundementals will have to get much better for heavy hitting long term investors of this stock to step in and flush out the heavy short interest in this stock....when this will happen is anyones guess....