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Alpha Natural Resources, Inc. Message Board

  • jheidt31 jheidt31 May 7, 2013 5:27 PM Flag

    Will ANR Ever Turn Around?

    Just going to vent because I am mad that I didn't follow my trading rules with ANR. If I hit a 10% loss I sell my position with any stock. This one though I kept thinking it would turn around. I am down $25,000 and will ride this to BK at this point if that happens for a total loss of $70,000. Some will say BK not likely. We lost another 47 cents a share this past qtr. A company can only lose money for so long. If the recession in Europe, the slow growth in China, and nat gas prices don't turn around in 2014, BK could happen because ANR will still be losing money. Turn around for 2013. That ship has sailed. Now we hope for 2014. If that does not happen ANR is in trouble. That is why ANR is raising more money now because they know if things don't turn around in 2014 they won't be able to get money. ANR longs, I wish us the best. But this stock is dead for another year and if economies don't cooperate it will be a big loss for me and many others.

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