Did I not repeatedly state last week that ANR would play catch up this week. Well this was a bit more than I anticipated, but that's in thanks to all our wonderful shorts!
Thanks so much for your money - more to come!
I tend to agree with you, but BTU has one advantage with their Australian minds. If the Far East turns around (China) and prices of Met Coal go higher, BTU would be the one that benefits first. ANR is still my largest holding though because when this industry turns, all coal companies will shoot higher and ANR right now is the best bet for the highest return.
You couldn't be more wrong. It's the exact opposite! Someone does indeed like this stock and that's the reason it's down lower than ACI and WLT. MM is manipulating the stock and letting his/her buds get in cheap before the run up. This is not rocket science, watch and learn!
Shaking out all the weak hands or getting them to convert to ACI or WLT is part of the master plan before this stock shoots higher. ANR is the best of the 3 stocks! Bottom line is none of the 3 will go BK, yet that's where they have been trading. Short attacks are falling on deaf ears, none of these companies have huge payments due over the next couple of years and the turnaround is about to occur.
It only proves short attacks are falling on deaf ears. BOA downgrades ACI & WLT to $1.00, while also downgrading ANR to $1.50. All (3) stocks shoot upward with the downgrades. Yesterday, Barron's article states ACI going down to $.75 next year, stock continues upward. Now the (2) downgrades on WLT and the stock continues upward. Seems like the shorts have used all their bullets and need to cover because the tide has turned!
I hope everyone does notice that ANR has only been attacked once, maybe we need a downgrade to head higher - lol! Just kidding, because I know we head higher next week.
This is not the time for growth, it's time for further cuts and closures. I hate to say it, but those layoffs are actually good for us share holders. Sorry to anyone reading this that has been laid off, but your negative is viewed as a positive for the stock.
It's because their CEO came out publically and said enough is enough and that they'd pre-announce their earnings. They still when through the same call selling (same as BTU) on the day their hard copy earnings hit the street on 10/22. I know their high that day was over $2 and they ended the day at or near $1.75.
Look how they recovered from that episode of call selling and we will do the same!
Barrons also reported yesterday that they predict ACI to hit $75 next year. Right now, the shorts are not winning with their attacks on ACI and WLT. Even in BOA's downgrade, AMR was given a $.50 edge on both WLT and ACI.
We will play catch up next week!
I brought this point up yesterday. If you look at both ACI and BTU, they were down big on call selling the day they both announced earnings. Both were up in pre-market and down drastically as the day wore down. Again, as stated yesterday, look at ACI on 10/22/14, when their hard copy earnings report hit the streets.
I'm also in the camp who believes we open higher on Monday and play catch up next week to ACI and WLT.
Short attacks will soon be over. What's BMO going to come out and reitereate their $4 price target. Quite periods are tough sometimes, but it's a great time to average down.
Perfect timing for an attack while the mining companies are in the quite period. Hopefully come next week, this short attack turns around going into the earnings call.
Yeah, but we don't get attacked like ACI and WLT. Just today another article from Barrons, stating ACI will trade at 75 cents next year. Neither of them have liquidity problems or payments due until 2018, but shorts will try to convince you that both are going BK shortly.
Shorts will eventually turn their attention to something else, but they aren't through with their attacks on coal and coal company's yet. When the turnaround comes, it won't matter what coal stock you own, they'll all go up together.
Until the turnaround occurs, you should own the stock that best allows you to sleep at night. If that's BTU, ACI or WLT over ANR, then I would suggest making the move.
The Weather Channel said that areas of the country which saw record highs Monday and Tuesday — which included Savannah, Georgia, and Rochester, New York — will see temperatures "plummet" by the weekend.
"The warmth of earlier this week is coming to an end," said Linda Lam, a digital meteorologist with The Weather Channel. "This is thanks to a cold front that will begin to plunge into the Great Lakes on Thursday night, bringing chilly temperatures and even some snow showers. This cold front will continue moving south and east, pushing off the East Coast by late Saturday. It will feel chilly and raw from the Midwest into the Southeast. It will be even chillier on Sunday morning in the South with the northern suburbs of Atlanta possibly dropping below freezing."
Record lows are also possible this weekend in St. Louis.
The company's Marcellus gas joint venture with EDF Trading Resources, LLC ("JV"), a fifty percent owner with Alpha, is progressing well with a net acreage position to the JV totaling more than 20,000 acres. During the third quarter, the Pennsylvania Department of Environmental Protection issued two drilling permits to the JV and construction has begun on an initial pad location. Production from initial wells is expected in early 2015 with at least four additional wells expected during the year. The JV is currently evaluating additional pad sites
Trading4more, If people are trading the stock, they can normally leverage 4X actually cash. When they get in a call situation, as I've described, there's a massive selloff because those calls come from the financial institutions. Therefore, if one institution is calling it's very likely that most, in not all, are doing the same.
Just look at today's volume, it's huge and to the down side. Also, BTU and ACI had the exact same issues on the date of their earnings announcements. Don't look at the actual date of earnings announcement in ACI's case, look at the 22nd, when the hard copy hit the streets. Both of those stocks were up in pre-market trading, as was ANR today on those announcement dates. Then, on very heavy volume, they both went down drastically because of Call selling. This is also what happened today to our stock.
Hope this helps!