I use TDAmeritrade. The MFI (Money Flow Index) shows money coming in to SLW. I see the same thing with GDX. I checked a couple other stocks to see if something was wrong but it clearly says money is coming in.
What am I missing unless this downtrend is coming to an end?
For all of you who see these sad stories of people losing money by the fists full, always use a stop. I can say this from experience. I've had some losses where I wanted to jump off a building. The second after you push the buy button, decide how much you are willing to lose before you sell and put in a market stop. This will take all of the emotion out of the trade. If you get stopped out and the stock soars past where you sold, so be it. You live another day to try again. A lot of money moved out of this stock but it will come back in. If you rode this down big, the pain is almost over and you are still alive. Nobody will leave this planet with their money. Enjoy life while you have it. Life is not about money. Have a glass of wine and enjoy the weekend.
Are there any companies working on technology to make coal burn cleaner? Seems to me that it would have to happen eventually. I've been to a few coal burning plants lately and it seems they are building new stacks with better scrubber technology but it is very expensive.
At least the 49% keep getting their checks! Now ANR - It has been trading in a channel. We have another point to the downside and see if it holds. If it does, just trade the channel range. We still need coal. It may be worth less to the market but we still need it. I saw a story last night where they are using electric rickshaws in India. So many so that they are bringing down the grid for hours at a time. They need more power plants and hence will need more coal.
Excellent Post. The responses are predictable.The natural mans receives not the things of the spirit of God, neither can he know them for they are spiritually discerned. At one point last night they were shouting...Hail Obama...Hail Obama. The very first thing I thought about was Israel asking God for a King. Samuel 8:7. God is not mocked. Whatsoever a man sows, that shall he also reap, and these people will reap the whirlwind. I decided last night the most important thing to do now is to get my spiritual life in order. It has been long neglected. I Thes 4:16.
What shall it profit a man if he gains the whole world but loses his soul? - Jesus
I install phone systems for Alpha and GenOn, so I see both ends of the spectrum. I've been to coal and NG burning plants. These power plants are so different, changing would not be very easy. It would be expensive. Just can't see how it would be worth it. I could see building a new plant and burning NG instead of coal since you can put them near residential areas and people don't care. ANR is cutting costs in some areas but spending in others. I'm going to a brand new portal on Monday. Long and short is, coal is abundant and cheap energy. I am long ANR.
This is trading in a channel now. Draw some trend lines and see for yourself. You can go ahead and short but you will hit a wall at 7. Tomorrow will be an interesting day. It has pulled back on lower volume and has now formed a W pattern. If it breaks through 9.58 then I think we are headed to the 200 DMA at just under 12.50. IMO.
I don't think this can be a good thing. If Romney has a strong performance tonight, maybe we can break through to the upside but this 8.55 has to be broken and closed above.
Biden is a clown and a loser. Ryan will stomp him into the ground. He's too smart for old uncle Joe.
So coal should run like a flying monkey from here if you are wrong.
Is a subsidiary of Alpha. I was on site today and asked the person I was dealing with what the sentiment was there. Were they worried? Surprisingly he said no. He said an expert was hired to increase their exporting capacity. They are betting on met coal to bring them out of this in addition to eventual higher natural gas prices. They feel like they have enough cash to weather the storm.
I was on vacation recently in Venice Florida. I met a guy from WV that worked for a company that helps coal companies get their permits. I told him how bad things looked for coal companies and he laughed at me. He and his family have been in the coal business their whole lives. He said the coal business has always been a boom or bust business and not to worry, the boom will come soon. He said there has been a little slowdown but ALL the companies he deals with are STILL seeking permits. They need to be ready for the next up turn.
No problem. Another interesting thing that he said I had to disagree with. He said it didn't matter who won the Presidential election as it pertains to coal. I find that very hard to believe since Obama has been overtly against the coal industry and coal fired power plants. I plan to stay in contact with this person so I will give updates as I get them.
I just spent a week in Florida on vacation. I met a guy who was also on vacation who works for a company that helps coal companies attain the permits they need to mine. When I expressed my concern about coal he laughed at me. He and his family have been involved in coal their whole lives. He said it's always been a boom or bust industry and have no fear, coal will be back strong by 2014. So if you have a myopic short term expectation for a return you will be disappointed. However if you can be patient, this might be at the best time to ever invest in coal. He said there is a little slowdown in requests for permits but they are ALL still seeking permits. He said they ALL need to keep the permits coming so as soon as things get better, they can swing into action. Last things is, MET coal is the most important in his opinion. I am long ANR but looking into JRCC.