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I guess tomorrow will end between 12.00 and 12.10... After testing below $12 intraday. And then ACI will hover between $10-ish and $12 for at least 6-8 months, due to low spring/summer coal demand.I am stuck with an average pps of about 12.60 - so... I am not happy about it either.
Coal is the ultimate election play. Dems hate it, Repubs love it.if obama gets in forget it, if it looks like he loses then its one of the best longs I've ever seen.however if the S&P remains at its lofty levels then its likely he gets back in. If the S&P is at 1100 in November, he loses then ACI is an "all in" play.normally people vote their pocket books.... a direct correlation with the S&P 500.if the right wing proves hes not a US citizen, then buy arch with both hands.