First, is it just me who sees this stock is acting like its bottomed?? Second, I think Ben is one the most intelligent poster on any message board and certainly the mist intelligent on this board - by far! I do wish you well, Ben. I think we have bottomed !
Ben does know coal... that I will grant the man. But his sale of all of his ANR was very near the bottom, and a classic give up. This stuff about trading the stock by buying some back at $5.71 (when he admits he sold all of his at $5.83), then selling the stuff he just bought at $5.97 to make a quick swing profit, is just total nonsense.
Ben just simply couldn't take the pain anymore and sold. Been there done that. Know the feeling. This stuff about his going to buy back what he sold only much lower, is just pie in the sky. If the stock heads into the 4's it will be for a reason, and that reason is the real threat of BK. Ben's not going to go back into the fire with the stock tanking. Let's be serious here.
My average, on a lot of shares, is in the low 9's, and I had to average down to get there too! LOL...
Started buying at $11. I'd love to be near breakeven and say hasta la vista to this stock for good!
So probably would a lot of other posters here.
Ben is one of the most knowledgable posters about the coal stocks and he shares his knowledge with others. Thank you Ben and wish you well. I already picked the bottom and bought @ 6.50 so I can't say much about that.
I think Ben is also one of the most transparent and honest posters as well. You can disagree with him, argue with him, challenge him but to fault his character is to say something about your own. And I can't wait till Ben gets back on board. Best of luck Ben and NY