Not really....two-three months ago, no one expected China and Europe to keep falling in the purchases of Metallurgical Coal. No one expected exports would drop 30% for March and April and more in May. No one expected prices would continue dropping.
No one expected BHP announcing they would increase production of MET COAL to China that will depress prices more. No one expected this refinancing of revolving debt at very high interest rates to fall through.
good points.. but then at some point it has to be priced in at this levels... If i wasnt already invested as much as i'm seems like buying opportunity once it settles down somewhere which seems low 10(s)