Walter really did have a great week...holding here, base now ready .finally to break out above 14.00 on up..good
luck to all longs...last yr all coals moved up the first week of sept...sector slowing ...very slowly gaining some volume. ...one of these days someone...will put out a buy on the sector...heat accross the us is still an issue, inventory levels down below normal, car sales 5 yr highs, new construction 5 yr highs...europe getting a little press that it's getting out of it's funk.....and money managers really don't care...if they can grab 20% gain from here...anr, aci, btu...and wlt all look great right now.
had to pull up the graph to see what you are talking about....yeah, wlt went up first week of Sept....but ended up down slightly for the month...and finished off the next 12-months down over 60%. things need to heat up for the steel industry quick or wlt is done.....too much dead for this to be happening. But don't worry, the execs at wlt will be OK...they will get bankruptcy protection....everyone will be fine....except of course the common stockholders. And yet there will always be buyers...even for wlt....all the way down there have been buyers...and there will be more. Amazing.