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Arch Coal Inc. Message Board

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  • rexobXIP rexobXIP Jul 29, 2009 1:46 PM Flag

    secondary is broken

    If you read the story on the 27th, Arch successfully priced the offering. That means the shares were fully subscribed/or oversubscribed at 17.50

    So the market pulls back a bit. If people were buying to flip, they are out of luck and that puts downward pressure on the stock

    Moody's just upgraded the outlook for the company

    As the recovery takes place and new coal electric plants come on line, Arch will be well positioned.

    The secondary is not broken, it was well and successfully executed.

    However, if you think Arch is going down in price, increase your short position or buy puts...

    I however am going long as I fel the future is bright for this company.

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