WLT and Patriot are small time producers ANR has 6 times the production of WLT - Smart bond holders will force ANR into Chapter 7 - let prices rise then liquidate ANR's mines when prices are good.
It seems that a coordinated attack is on - first BTU and now CLD and CLF. Added 100 BTU yesterday and 100 CLF shares today total holdings CLF 550 @ 5.06 - Keep in mind that if the world economy gets soooo bad that all ore producers go under then the total market (SPY - DIA - QQQ) should collapse as well. To that end - I have hedged my long on miners by shorting the broader market.
I added a few shares today I'm good 5 or bust as well. But what I really do in unload some on a pop up towards three then hold whats left to 5 or 1. At close at 1 or less for several days and I'm out .
Margin and Options a chasing one holding down the rabbit whole - live and learn - have cold one sleep it off.
Please help me define spectacular.
What you state is fact - the court will say it is required, and will be the first set back for the EPA in years. Back door reason - were not letting the EPA go after C02 and global warming.
Numbers are fun. Did they also report: total in storage is 1.5% higher than the five year average, total rate of use 10% higher, and the number of days use in storage is 8% less than than the 5 year average.
Left court could just as easy say we wan't more gay coal miners to be enjoy the medical insurance we just gave them - LOL. I expect I a much better chance of seeing BTU at 10 then zero. Plus it's just a number in may account. I do need the money today - I can loose at most 2 grand over the next year - on the short side you could loose much more than that in an afternoon - or perhaps Monday afternoon when the court tells the EPA to F off.
Yahoo - should have an option for strong hold. Not all coal is going BK I only need on to stay solvent to cover the losses on those that go under
I own 1000 BTU at an average price 3.42 - how should I break the news to my kids who are expecting me to pay of college tuition over the next few years. I'm down almost 1500 - better tell them they take an extra course. They need to finish a semester early and cover my losses and then some.
Sentiment: Strong Buy