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?
Sad to see these short pump and dump rallies making you believe it is about to reverse and go up as traders just make a market in a small range ready to dump when it goes below the 2,85 support in the next few days.