Dow down 400. Crude oil crashing. Coal stocks mixed. Wild swings for ACI.
NRP trading down. Patriot Coal in bankruptcy and now selling assets. Will probably
affect NRP. . Would like to hear from jrad on this matter.
Dow down 165. Some coal stocks again skyrocketing. ACI now up more than 900%
Crude and ng trading down. NRP opened up 3 pennies. Volume picked up and
share price tanked. Would not buy until President & COO buys shares or is
fired. He makes $800,000 per year and only owns $33,000 worth of NRP shares.
He obviously has NO confidence that NRP has a future.
Dow down 56. Crude and ng up. Coal exploding upward. No reason except short squeeze
(most coal company stocks carried short interest higher than 50%). NRP moving up too.
Rising tide lifts all boats.
Short squeeze, short covering, dead cat bounce - need a few more terms
to cover recent trading. US Steel up 15% today, ACI up more than 700%
in a few days and BTU has ore than doubled. PROBLEM IS THAT THERE
HAS BEEN NO CHANGE IN FUNDAMENTALS. NRP was up a penny yesterday
when the dow was up 622. NRP did finally move up with the big market move
today. Have you noticed that NRP's President & COO has not added one NRP
share. He made $800,000 last year and owns $33,000 worth of NRP stock.
THAT's HOW I KNOW THAT NRP SHARE PRICE HAS NOT YET REACHED BOTTOM.
WE ARE GOING MUCH LOWER!! BTU, ACI and US Steel should be shorted
tomorrow. Two of the 3 are going bankrupt.
Market up 622. NRP shares up 1 penny. NRP payout almost 14%.
Payout (distribution) will soon disappear. NRP will bankrupt shortly
after killing the distribution. How else can you justify recent trading??
Really appreciate your comments about the Gatling deal. Would now
like some comments from you about the market movements yesterday
and today. Thank you.
Dow up 291. Crude and ng up. Big move up for some coal stocks. ACI now up
more than 400% from recent low Might be a short squeeze. NRP opened up
a dime. Headed straight down now. Zacks kept "hold" rating on shares of NRP.
Dow down 220. Crude up slightly but ng trading down. Big move up for two coal
stocks. No fundamental reason. BTU selling Australian coal mines and ACI
trying to cut what it will pay back on some of its financing.. NRP down slightly.
Dow down 165. Crude down but ng up fractionally. Big move up for some
coal stocks. BTU up 18% and ACI up 40%. NRP up 2 pennies.
Watch crude inventories to be reported at 10:30. A draw might turn the
market up. A build will be bad.