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Walter Energy, Inc. Message Board

  • momentum101 momentum101 Sep 8, 2011 1:42 PM Flag

    No show today

    If this show will continue, you will see accumulation. what is the sign ? price go low, above the support, below the roof, volume is average, perhaps a little bit more or less, RSI remains flat, this is the sign.
    Just watch, before you make move. Remember, don't short, if it is true, you will be burned, hard, very painful.
    If WLT closes below 85, time to sell, show is probably over, next day will face big pressure of sell.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • All I can tell you is that I have YET to hear of a coal takeover rumor that didn't turn out to be true. I bought Massey on the rumor and then International Coal on the rumor and made 40% on both. There's about 12 points of downside on WLT, if I am wrong, but about 30-50 points of upside, if I am right. I am willing to add to my position if it goes back into the $70s. In a few months, fundamentally, WLT should be in over $100.

    • so momo how do you see today's action in light of your accumulation points

      • 1 Reply to lillydodie
      • So far so good, lily, it goes within my expected range, consolidation, precisely, big guys are waiting.
        I said accumulation, who pull up while this WLT dips around 87 ? Dare you to jump in ? Nah, mostly not us, someone, got more chips. If this accumulation continues for a few more days, until they got enough, they would begin to push up to next level. Watch 85, that is the finish line.

 
WLT
2.94-0.50(-14.53%)Sep 18 4:05 PMEDT

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