I bought this at $5 and then added around 4. I wanted to hold this and just stick it away but the reality is that it was very tough not to sell. I sold most at $7.75 then added back at $9 and then out at $11. On the one hand, my buys were great. On the otherhand, my sells not so good.
I'd rather short a stock that's breaking down than breaking out. I could see a pullback here but that's when you reload.
I added at 16.63. Coal is out of favor in the United States but Europe, India and China are a different story. Europe, the price of natural gas is way too high. India, what's their alternative? China is looking to adopt more alternative energies (solar etc) but it'll take awhile.
.64 vs .88. they have 14 cents of charges.
Strong quarter is relative. Times are still tough but they did better than i expected. The stock price has obviously gotten beaten down so yes, we could very well be in the bottoming process. BTU, CLF, JRCC and WLT all pretty much have said the same thing. Coal is stabilized and the back half of 2013 looks better than the first half.
Well, if it dumps some more, then i will be buying. A beat on bottom line and top line, raised full year ebidta guidance and the sale of an already written off unit for $50 mill cash. Not a bad quarter.
You just got it and we still have 2 1/2 more hours on the day
Meant to say, short interest is down alot.
Short interest is alot. It used to over 10% and now it's at 3%. This is buying into the selling of profit takers. IQNT just got rid of the anchor that was tinet and for over $50 million cash (not to mention that IQNT already wrote off the purchase of tinet)
Actually nat gas is up strongly today. Follow the trend of nat gas and it's up.
I did the same. Sold half at 4.10. I actually sold at 3.40 (resistance) the other day but fortunately bought it back when it fell under $3. I still think this can run much higher, just scaling back to an amount i'm comfortable holding. IQNT getting back to basics. Still cheap on an ebidta basis and now they got some cash back on the balance sheet.
Why would i do that. The risk is to the upside. We know that WLT preliminary results were better than what was expected. We know that this stock has been getting absolutely hammered. We know that the short interest in this stock is over 15%. We know that nat gas prices are up and looks like it'll continue to go up. And both ACI and BTU said that business was stabilizing and expected to tick back up in 2013. It's a spec play for sure but if you bought stock around here then more than likely you are holding thru earnings.
So one of the reasons the entire coal sector got hammered on friday was the release of the study by Exxon that concluded that fracking is better for climate than coal. Hmmm, i wonder if the study done by Exxon was objective considering that Exxon does more fracking than anybody. What a joke. Exxon PR machine crushing all things coal.
Since that gap opening up to $26 when Walter gave an earnings preview, this stock has gotten absolutely massacred. Down over 30%. BTU, gave the sector a lift yesterday and then slammed today. Just horrible negative sentiment.
It is true but also should be taken in context. You can gather information on trades. What's the open interest? Is it an opening or closing transaction? Did they do it with stock? Who bought?
Has to be taken in context. Like 28k 400 puts, 25k 390 puts and 27k 385 puts also bought.
If you look at what they are doing, they have been taking short term hits for long term gain. Longwall moves are getting their house in order.
IBM, KO, DD...They are well over a 100 years old. AAPL ecosystem isn't going away anytime too soon. They made 41 billion last year. People are concentrating too much on the IPhone and overlooking the IPad (AAPL dominates and that market is still growing like wildfire)
This is brutal. SPX up 21 handles and ACI down over 5%.
Why get out now. This thing is down over 10% from when the news came out. That's close to $600 billion in market value. Let's assume Anonymous Analytics is correct and remember they are a hacking collective who is not a registered broker dealer or an investment advisor. The acquisition was over 1 billion and Anonymous does say that IMM's biggest customer is legit so it is at least a real company in some sense and does have some value. So let's say they wrote off 700 million. They will still get some type of tax benefit from the writeoff so all told less than the 600 million in market cap lost. And if AA is wrong and Joy had responded to these allegations months ago, then the stock shoots higher. Expectancy bet from the long side.