No catalyst to move this up other than short covering!
USA decision to continue printing money and not pay any debt really creates this scenario that commodities become much cheaper because in reality the dollar is worth less. So oil, coal, gold, silver etc. goes down. So what happens to these stocks. Look at gold stocks, silver, coal etc. In the toilet. Wait and see folks but this is just the beginning. This administration will be the final nail in the coffin for living beyond our means We have a society of entitlement politicians that will destroy the country as we know it now. We can continue to bury our heads in the sand but things are going to change radically in the USA. When the American dollar is no longer the currency for trade around the world there will be dire consequences for Americans. You do not need to be a rocket scientist to see that the path Obama, Ben and Tim are taking the country is not going to work. Eventually the commodities will become much more expensive when a new currency comes in. They may be keeping the stock market up now with financials leading the way but it will not last. Happy trading.
As we can see not enough shorts covering so it continues down. The direction of least resistance. Government really wants to run most companies so is no longer business friendly. Will not be surprised to see lower prices this afternoon.
hate to pile on more negative comments, but just looked at earnings est for rest of 2013 will be tough comparisons to 2012 earning every quarter till dec 2013 quarter. stock sure seems cheap but management will have to do the improbable to pull stock out of this tail spin. any error will likely end any chance for recovery. wish i knew how to price the stock
New multi year lows again yet market at record highs. Looking for the teens. When the big boys get these stocks tumbling they are light tumbleweed. Went from over 100 to 12 in 4 months in 2008. Be careful.