Coal demand this summer will be strong. Nat gas inventories are so low huge amounts of natgas has to go into storage leaving coal with strong demand. Inventories by the end of March will leave the US with a 13 day supply of natgas. (25trillion annual demand/365 =68 billion/day storage will end at 900 billion- three trillion has been drawn down in 5 months) A huge drawdown next winter could leave the US with a gas shortage.
It went from 88 to 2 last bear market. This is the golden age of solar and this company cant earn any money. None in the last 5 years. The reason this stock is going higher is due to "money running" Right now they are running it up. Sometime in the future they will be running this down.
They are valuing this on Gigawatts they build not earnings. This valuation is B.S. I sold covered calls so I'm out earlier at my predetermined price. Yes stock is higher than I though it would be but that is B.S.
No one is going to buy as it approaches 300 except shorts covering positions and those trying to squeeze them. The smart money thinks valuations are stretched here. I bought some calls lower too but gonna cash out.
niche market? Everyone will want it! One will probably be able to customize the watch face with things like local temp and weather conditions for starters..
The smart money will sell at the fully valued 166 to the dumb money who are following JMP's Security pie in the sky target of 191.
Nomura analyst Ian Somaiya wrote in a research note Friday that this suggests quite a bit of off-label prescribing for chronic lymphocytic leukemia, for which Imbruvica wasn't officially approved until last week, indicating "strong underlying demand in this population." Somaiya raised his price target to 166 from 137. Pharmacyclics stock was trading near 152 midday Friday.
Nomura is who the Pros listen to.
Export approval for 1/7 of US daily production in future. US storage drawdown this winter would have gone to zero if US gas was exported at that rate. Coal will make a comeback.