ANR being knocked down the most of the coal stocks and with much heavier volume. Market giving back a bunch of it's gains since 2 PM. May see more selling tomorrow. GLTA
You are not an idiot but I would agree with markman4fun that it is the short side that is making the money or fortune in this stock right now. Many of those folks that say they are buying are not or they would be much angrier than the are. They probably hold shares and wish they didn't and yes are wishing it will go up. It may have a little bounce but for an investment long term I am still waiting. I admit I did trade here at noon but only a trade and I am already out. GLTA
ANR is mostly met coal like WLT so I think that it why it continues to get shorted and sold. You may be correct that BTU has bottomed but I will wait until I see some reason to buy.
What changed when China was booming in 2011 and 2012? The price of ANR changed from $60 to $40 to $20. Now in 2013 when the price was $10 and is down to $5+ what has changed? China is now slowing down. Here is what has not changed. Big money is still making a fortune shorting this stock while they sucker the retail person in by saying that it is a bargain.
I'll be surprised if this sees 6 again this year. It is different when companies are making money. What catalysts are there for this stock to go up other than HFT.
Appears that ANR will go lower yet today. The sellers have stopped selling for now at low of the day but there is no buying. It is just sitting here with no action. Does not look like anyone interested in catching a falling knife. Already down 5% again today as a result of the WLT news. Whether HFT take it up for a 20 or 25 cent gain or not I am still staying away. GLTA
The big money is short. As we see continually they short and yes do some covering to short again. They are short all the coal stocks. AND folks do not think there is collusion in the market. It is no different then the spying on the public. The government and wall street control the people and what they can do. ANR is down over 4% now. Be very careful out there.
WLT is mainly met coal so not so much. Yet it and the rest of the coal companies got hit pretty hard with WLT drop in stock price. When folks already short it is easy to take it lower when negative news comes out.
Had moved my stock down to 24. May be getting shook out but have covered at 23.65. Maybe next week they move it up some into news coming out on the 20th. News may be nothing significant. Long at 23.61. We will see what happens next week. Everyone have a great weekend.
Financials problems surfacing for Walter with fallout to other coal companies.
Yes WLT is in trouble. Would not want to be long any of these coal stocks, met or otherwise. It does appear that WLT could be going lower quicker than the others.
There is too much supply for the needs they have. Yes it will still be in use but not the demand there has been. At present China is stock piling at these low coal prices. If you are long I hope for you that wall street takes the stock up. For myself I have been waiting to buy WLT and BTU since April of 2011. As much as I did not feel comfortable purchasing then I still do not. I will wait for this to play out before I invest. I will not get the bottom but I am not going to play Russian Roulette.
Look at the charts of these coal stocks. They are bumpy hills with a continued trend down. We have not even had a stock market correction. It is coming. How can one expect that these stocks are going to move up other than a trading bounce. They are like the steam engine. New technology changed that need as it has with coal. There will still be coal usage but not to the degree it is used now. One may be wiser to wait to see what companies will be left before you invest in these companies. Do not let wall street take your hard earned money.
The big money is short these stocks. They can afford to play a little wiggle like yesterday and cover a bunch for a profit then short again even if they were to lose 1/2 million because the next day they can take it down and make a few more million. This was a total setup yesterday.
These coal stocks appear they will continue to make lower highs and lower lows with a one day tease to lure a few longs in to lose more money. Interesting that when you think they can not go any lower, well you know the rest of the story. GLTA
Do not see how this goes up. Ridiculous P/E. Negative news. Insiders still dumping shares with millions of shares left to dump. That doesn't mean that after a prolonged trend down that wall street will not buy a bunch and come up with news that doesn't make any difference fundamentally, yet spin it in a manner to permit them to move the stock up then sell to make a few million. Anticipate another negative day today in FB.