How can they with a straight face say there are no corporate developments and then lay of 12 people.... from my experience that is usually material information which makes stocks worth more in the short term.
All value CLD ever had was transferred through the take or pay to warren buffets rail company...
It is sad when the big boys cannibalize the smaller companies just to keep their overvalued shareholders from losing a little money but its all just business.
Still not buying back in, just to recall, i sold out at 3.84 and have not regretted it for one day. Just holding out for a reason, a hope for a valid reason to buy back in which i really dont see.
Looking at the PRB coal futures I dont see a turnaround so soon. My best guess is that CCTC proves its technology which supposedly works is scalable and makes a lot of the 8800 coal be near worthless to mine and sell as such. There will be prolonged period in which 8800 increasingly is turned into higher BTU coal at an increasing pace and natural gas gets put back in its spot. Coal will reign supreme again however CLD will bleed a lot more value for shareholders until then. I mentioned like 6months ago that CLD needs to sell forward for 12.00 but I didnt see any news in this regards, they only got some put options for the asian coal as far as I know. In my opinion CLD put itself in a terrible spot when they gambled on a recovery in coal prices at the end of 2014 and now they are still suffering because of it. I think at best CLD can make it back to 6 per share, I really doubt 13 to be possible.
Well, the stock market is a pump and dump... I am hoping to see CLD below 1.50 next year in January before i place my order back in. I really doubt it will turn around and go up significantly again so soon. That pump and dump story of hedge funds buying CLD CNX and others the other day was already cashed in the day itself when CLD went to from 2,00 to 2.28. That is more than 10%. There is another nonsense news about xmas lights to sell CLD and other energy producers. Best to stay away from it.
From what I know, CLD has 2 more bad years to get through before the take or pay liabilities will be worked through so by my estimation, there is at least 1 more year of declines in the stock price and I see CLD going to towards 1.00 at which point a 50% to 200% profit may be possible on a quick flip.
yeah, i hear ya, it is hard when you are in the red too long, the shorts just keep reinvesting their gains to put even more pressure on the stock and when somethings go in their favor too the price can stay depressed for a long time until a big load of money buys the price back up.
Well, you dont really expect buyers yesterday to care about CLD future when they see 15%+ return on a day, of course they are trying to sell.
Surprised the stock is not rallying like crazy on the news... Would think any coal company would jump at the opportunity not to have to waste more money on a losing business :p
I think the spring creek was supposedly going to be a main point for CLD exports, so since they already are being creamed in that department and scaling back on their commitments why are investors not jumping on the bandwagon???
I dont know when, but from the action today, you can see that it is mostly day traders running it up and closing their position at the end of the day, that is what smart investors use to offload shares they buy low or shares they want to get rid of before the lows come. There are always suckers buying into short term rallies thinking they can get out at the top... Have patience, the 2s will come IMO. I would not go long anything above 2.10, even would consider shorting or buying puts when it is above 3.
You will have to explain that probabilty stuff to me before I can think about it. how do you get those odd and figures for your curve?