little or no buying occurred - the bloodbath continues today. PT $10
you're correct. not all the potential retail weak hands have been shaken out yet. another 2-3 bucks down should bring this stock to a support base for the die hard holderst .
we'll know btu has bottomed when it gets hit with bad news and the price doesn't move. that means all the potential sellers have left the party and the shorts are waiting to cover on an uptick.
and the hits just keep on coming
uncertainty is killing the stock. managements lining up the shareholders against the wall for wholesale slaughter! WHERES THE SHAREHOLDER SUPPORT!
yeah but remember, it will bottom and turn upward the minute you sell your last share
btu couldn't suck more than this.
sounds right. the original article is still on the yahoo history news article for btu. i errored it was $21b not $31b. still, it doesn't sound do able. gl
ceo of joy said basically the same on the q cc. invesntories have to be brought way down too much supply in the channel. to bad the coal sector can't agree on production quotas vis a vis there qtr cc's. the gov can't call that price fixing.
i think the indians are bluffing with this austrailian greenfield project.
F YOU TREE HUGGERS
other wise the big money will force you to sell like today and and in the future. there was no catalyst to sell today just the big money manipulation to shake out the weak retail hands. sad but true.
canx'd my 6k long limit order before it hit $17.70 it was moving down way too fast today. i see btu at sub $15 before next qtr cc. i already scaled in mid twenties with 1k shares looking to av down.
shout shout turn yourself out