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SinoCoking Coal and Coke Chemic Message Board

  • sunbrookplace sunbrookplace May 17, 2011 2:00 AM Flag

    Tomorrow- Longs

    Assuming that SCOK goes up tomorrow,two things need to happen for a nice steady run-

    1- It needs to close near the highs of the day

    2- There needs to be follow-through on Wednesday. One and done cannot happen, otherwise it goes back down to the 5's.

    Tomorrows close will be...7.23 GLTAL

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    • The market is disappointed with SCOK. They have falling margins and shipment volumes pretty much across all segments. Their earnings are up because the coal market in China is tight and prices have soared. Unfortunately SCOK is not participating in that like they should, pretty much scrounging around for coal wherever they can buy it at whatever price they have to pay.

      Then they have to hope that if they do finally get it together that the price of coal holds up. We need to see some execution from this company not just talk to get a rally in the stock going.

    • Got another 2000 shares at $6.25. May buy more if we pull back again.

    • Trading down a bit this morning. A great opportunity for the shorts to cover and the long to load up. This company is not a coal mine but a gold mine.

    • I am a SCOK Bull, but last week I felt more like a SCOK steer. After the earnings report yesterday, I feel confident in the long term prospects for this company. Guessing what the stock price will do on a short term basis is best left to the pumpers and dumpers. There are many factors that weigh into trading activity and many have nothing to do with the company. Overall, long term, we can sit back and wait for the stock to go up substantially. Being short this company may be a rare form of insanity.

1.130.0000(0.00%)Jul 27 3:59 PMEDT