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Alliance Resource Partners LP Message Board

  • rbotterb rbotterb Dec 2, 2005 9:58 AM Flag

    Sold 100 Shares @ 40.28


    Booked alittle profit again and closed down my box position alittle, though the big boys were playing with me at the open with a 1 share fill, then letting me sit for 5-10 minutes before grabbing the other 99 (such nice guys).

    Now sitting 400 shares long at average basis of 40.09, 300 shares short at average basis of 39.60.

    Stochastics are still neutral, though coming up alittle, 13-day EMA line at 40.29, 50-day EMA line at 41.46.

    Support levels:

    41.55 +/- .66
    40.51 +/- .65
    37.75 +/- .60

    ARLP continues to test that 13-day EMA line, I guess we'll see if it manages to break above it one of these days. I've been getting some pretty bullish signals from my T/A tools for many days now, but for some reason the market is keeping ARLP in a trading range trending down.

    Since folks are now posting ARLP sucks postings, I'm hoping that may be a signal that investors are getting tired of ARLP and there could be soon some sort of capitulation to finally clear the decks on the selling side and allow a new rally to take hold.

    Until then, its sit and wait. Grumble and shout 'this sucks'...... :-)

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17.65-0.26(-1.45%)Jul 22 4:00 PMEDT