Recent

% | $
Quotes you view appear here for quick access.

Arch Coal Inc. Message Board

  • generaton_demacular generaton_demacular Jan 21, 2014 11:32 PM Flag

    Todays news apparently didn't succeed in driving the price down as much as they wanted

    Notice news was posted at least 4 times during the day. At the open, in the afternoon, at the close, and again, late in the evening in the Fool article. Have not seen one news report get so much attention in a long time. Those that follow ACI already knew that earning would be poor, as Thermal contracts place in Q4 were below cost. Looking forward, the Polar Vortex and Continued cold weather, as well as, the early cold weather that started late November/early December - have drawn down coal reserves at utility companies, while the price of NG and heating oil have risen. The coal that ACI will sell to utilities as they replenish their depleted coal reserves will be at a profit, and bodes well for Q1 of 2014. I would expect the price of ACI stock to stabilize and begin to increase relatively soon. I will add more to my position if the price drops to around the $4.00 range. I currently own and am long ACI.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
ACI
1.04-0.02(-1.89%)Apr 17 4:00 PMEDT