Cramer pumped is a correct statement. But I agree with him and figure GS wants more shares before earnings. This is the last time to load up for traders. I am a long term investor in BTU.
We had buying into the close which took us off the low of the day ($1 down) to roughly 45 cents. The volume on the sell side was also weak which is a positive.....In general the market was acting the same way......Call it MONDAY.....nobody wanted to work with the weather on the east coast being nice and in the 70's.....everybody turned the 'heaters' off.....Tomorrow might be a different story....
I agree. on 03/16/2011 the volume was over 15 Million, Since Then volume has been decreasing almost every day. Today's sell off has been the lowest volume yet. I am long BTU, I bought just before the Crammer pump. I am new to all of this but from what I have been reading, this is a good sign.... decreasing volume during a sell off.
I don't think GS sold it's position, nor do I believe many (if any) large institutions have sold off their positions or else volume would have been increasing not decreasing. I think smart money is still with BTU.
No one knows what a stock will do around earnings, but I will hold it as I don't see the GS down grade to be a good reason to sell at this point. Actions speak louder then words, and right now the low volume means lack of action.
Gee I guess you and I were right. Where do you think we will be by the 19th when they announce? I say at least $75.00. Especially when GS now says oil going to $130.00 by 3rd quarter. Not that they really know, but the market is wanting to go higher. If Obama(highly unlikely) stsared issusing permits, we could see drop in oil and drop in KOL. What say you???
Thats a stupid statement last quarter all coal companies had mega tons of coal they couldn't ship because the railroads couldn 't dump the old fashion rail cars as they were frozen on the bottom couldn't dump to give mt cars back to fill.
Thats why NSC have ordered 3000 new rail cars. coal companies will add at least 25 percent
that the cost of mining was in the last quarter.
Profits will soar for all coal companies this quarter
Congress itself has become a laugh machine. They have let Obama run wild along with the epa and doe. D. of justice is run by gansters from Chiago and they all get richer. We need to take this country back and fix it before we hand it to our children. We have no business over in the Midddle East. If we had had a real D. of Energy for the last 40 years, we would be using all of our own resources and so many would not have to had to die. We could have 3 walls around the United States borders if we wanted for what we have spent on keeping the peace around the world. Our representatives do not protect or work for us. They use us to benefit theirselves. This is our countries last chance in this next election. Sorry for sounding off, I just wrote my congressman and the White House and I always get worked up after these letters.