Appears that they will take certain stocks with intensity this afternoon. SLW happens to be one of them with silver only down 11 cents. Obviously easy money for shorts.
The markets make sense to those controlling it as they know how they are moving it. You and I are not privy to their decisions ahead.
This is making sense. It is making a consistent move lower as sellers pile on the offer. It appears to have been a little head fake when it went to 18.90. Still a falling knife.
If the market made any sense that would be the case. This is a lot of exchanging of shares for the first hour. I obvious have no idea what is going to happen. I also think that the market is totally controlled in the USA. We bully other countries now we bully our own folks.
Certainly not going to put their money in WLT now. Coal prices not going to go up any time soon. Company going to continue loosing money. It is going to get cheaper. You may hear some rumors for day trades that will not materialize. This is not a retail store that they can change what they sell. The product they sell is not in demand and at present is costing more than they pay out.
Yes I do think you have hit the nail on the head and described exactly what is happening in society. The people do not make the decisions. The government has decided as a few they will now decide what is best for the country in nearly everything. The few things that people do have some control over is setting off bombs or whatever they were at the Boston Marathon. No I do not agree with this. Yet when you push folks far enough they do crazy things. You are going to see much worse things happening in the USA. We are going to reap what we have sown. We go into other folk's countries and tell them what they should do. Now we do the same at home. Sure the rich and powerful are benefitting so they think it is great. You push folks enough and they will push back. The FED, GS, JPM and others have colluded together. Sure the SEC gives GS a fine of 35 million when they make 4 billion illegally. They are laughing all the way to their bar downstairs at the small commission they are required to pay. Things are going to get much worse. You can not live in a society will mostly rights and few responsibilities. Happy trading.
Coal companies are going to be finding it extremely difficult for some time. We not only have environmental issues we have natural gas that is been produced and stored at much less cost than heavy oil. USA is going to be self sufficient in oil for a number of years. The fracking process in Dakota's, Pennsylvania plus I do not know where is changing much of the challenge we had for fuel. This is going to result in the price of oil coming down and coal being required much less in North America. China has created a polluted country that they now are having to do something about it. They will still use coal but less of it. The Saudi's will have much more oil available for China at a better rate. One may want to wait until these prices quit dropping. The demand is not there.
Appearing to be ready for a big dump. Mind you this is a significant dump but it has broken through support. Usually this is the big boys selling clients and shorting while they do it. Certainly not looking good.
The shares that I purchased Friday I have decided to keep until tomorrow morning anyway. For a Monday, heavy volume for SDS and good buying with volume the last hour. We will see. Happy trading.
Down another 15% in one day. This is brutal. I have my doubts how much this will come back but for longs I sure hope it does.
After having the gap and trap on Friday as a setup by the big boys probably has a number of new longs or longs that averaged down sometime Friday. One of the real pains in that is that those buyers are now gone and stuck in here 4 or 5 dollars higher than we are now.
Buffet will not be buying this company. Buffet is an individual that makes money. It has to be a very worthy cause for him to give it away.