BBH, you are nothing short of ignorant. On the one hand, you exhibit your ignorance of the markets with respect to your lack of understanding of my comment and the relevant time frame. On the other hand, your exhibit your absolute ignorance as a person with such a crude and offensive analogy.
You sir, are nothing short of a despicable and pitiful human being. I hope for their sake that you do not speak to your mother, wife or children in that manner.
Everyone in the industry knows that Australian producers are just flooding the market with coking coal. They are selling under their cost of production because they made ridiculous investment decisions five years ago. If those investments weren't made by the likes of BHP Billiton, Anglo American, Vale, Rio Tinto and other HUGE mining conglomerates with unlimited funds to support those investments, they would have gone bankrupt a long time ago. Furthermore, if the Administration gave two shakes about US coal producers (which we know they absolutely do not), they would bring pressure on Tony Abbott, the Australian PM to put an end to that monkey business right away.
As I see it, this is just a correction. ACI is up over 20% since mid-February and that has the shorts by their short hairs. There must be honor among thieves, therefore Goldman has to do what they can to help out their cronies, ergo, a pointless downgrade. (By the way Mr. Mehta, how's that $3 price target on ACI working out for you and your shameless colleagues at Morgan Stanly and Nomura with their $2 price targets?)
I know the SEC is just a shill for the Obama Administration, but if the SEC is not investigating the timing of research downgrades and large trader short interest, then they are just derelict in their duty.
China industrial production numbers will be released this weekend. Let's just hope there is a comeuppance on Monday morning.
Hi HOG. Per our conversation earlier today re: Wall Streeters allowing their best clients to load up, those dogs at Goldman wouldn't be so blatant and shameless as to put out a random sell recommendation to kick-off their scheme, would they? What am I saying, of course they could and of course they would!!!
Hi HOG, we know all too well how that game works. Sure would be an interesting turn of events if ACI Mgmt could raise guidance BEFORE those Wall St thieves can play that little game wouldn't it? CAPP is still making 52 week highs.
I hate to admit it but I think Hulky Smash is spot on when he says that the only thing that can get this stock to breakout to the upside is going to be an analyst upgrade.
Looks like that phenomenon last occurred in February of 2013 for a few days and the stock price promptly collapsed.
Obviously there is a seller of size at the 4.59-4.60 range. Was there all afternoon yesterday keeping a lid on this stock. We're not going anywhere until that seller gets cleaned up.
Fundamentals. CAPP thermal coal prices are at 52 week highs. Utility inventory levels are at three year lows.
CAPP thermal coal prices are at 52 week highs. Utility inventory levels are at three year lows. In my opinion, these two facts are not fully reflected in ACI stock price notwithstanding Efficient Market Theory in the strong or semi-strong form.
By the way, has anyone seen Red Gorilla lately?
Open interest of 11,000 in the March 4.5 calls (upper limit) and open interest of 10,000 in the March 4 puts (lower limit).