Margin calls? You are laughable. The longs have been washed out many months ago. All there is left is dead bodies of previous longs from the past 3 years. Granted there are a few longs who initiated a position recently and maybe a few traders playing some things. However the bus is crowded with shorts. Anyone who was margin for the most part has already taken the beating.
There will always be a few longs who make money but don't get too excited thinking there are many longs left and if they are left they are either so far down that they don't care where it goes and they have shut off their account OR they just initiated a position and likely are scaling in.
In reality the coal sector is nearing a bottom and should have a nice 1 to 2 year bull market if not more coming. It's not a matter of IF it's only a matter of WHEN and it will happen in 2014 even if the S&P goes down 20%. so anyone with the stomach to buy coal here (BTU/ANR/ACI/CLF/) will be handsomely rewarded.
would have to disagree on that call michelle. Have been with you until that. There is no point in buying this stock unless you actually see a nice steady uptrend...then and only then for a very short while. Even then you have to ask yourself why. A short position is much better. From past posts you can see I was calling for this to go under $10 and eventually bankrupt...based on the simple debt ratings and interest rates these schmucks have to pay to refi debt to pay debt. They are up to 9%. Now do you think anyone else is going to lend them money? NO. The music has stopped. they will be in single digits real fast.