When I tuned i today and saw WLT@$10ish-I didnt look at news,I transferred money into my account first and bought
Then looked at news --foolish perhaps,,, but I have been in and out of WLT for 3 years and this is so overdone it is insane -----and on top of all that----RSI for short term = 8!!!!!!!!!
And short interest 25%+----WLT is a must buy right here right now-
I believe, the met coal market is most likely to improve in the long term, as steel production and consumption will improve. However, near term met coal markets are likely to be uncertain, combined with a highly leveraged balance sheet and an uncertain outcome of amendments in debt convents for WLT add to risks faced by the company. The magnitude and timing of coal production cut will decide the time span and level of recovery in the met coal market. Therefore, in the short term WLT stock price is likely to remain volatile; whereas in the long run as the met coal market will improve it is most likely to bode well for the company.