Good to see!! :
"Eighteen months on, however, without work and unable to meet monthly loan payments, GoFrac has closed its doors, its ambitions gutted by a steep dive in oil prices. Of the 550-odd employees on the payroll at the beginning of this year, only six remain."
blah blah blah, same old liberal rhetoric. Just copy and pasted from the Seirra Club website, evil GOP... blah blah,... evil coal, blah blah... solar forever, blah blah..... talk about life in a fantasy land LOL. Yea, no one uses coal, it's dead. That is Except for the whole world LOL. And it still being far and away the largest energy source on the planet. Nah, just tote the Libtard party lines they use to buy votes from the young uniformed Facebook slacktivist class... whom you look to be a leading member of. Congratulations.
You want to cite poor supply and demand fundamentals and pricing structure-- be my guest. But there is no room for #$%$ idealism in the stock market. If gas goes up, so will coal. And gas will go up, check the rig counts.. look at the driller stocks. Supply overage will be balanced, same as it always does, in any commodity cycle.
Does it get any more obvious than this folks.
How these lackey analysts and funds jockeying for a position are not in jail yet is a crime in itself.
Guess I should thanks them - With my avg down on BTU and CLD yesterday I'm already in the money on these co's. What a scam
there's people that have lost a few zero's more than you I'm sure... I wouldn't feel too worried about loosing 5k bud. If you work a job that makes 50k a year, that's only 10% of one year's salary... honestly, big #$%$. Some people nearing retirement have lost 2-300k in their 401k and only make 50k a year... imagine that. You'll live I think.
ANR ACI have continued plummeting double digits again, BTU reversing upwards.
Is the market starting to separate the wheat and chafe here?
Probably no confidence that Credit Suisse and other analyst comments in recent days have stressed the same separation... looks to be taking some effect at least today. BTU needed to unshackle from the ugly crowd, hope it continues.
"Also false. Retail bottom calling is still the order of the day."
How do you figure that?
"% Held by Institutions1: 80.70%"
"Short % of Float (as of Apr 15, 2015)3: 30.20%"
% is likely closer to 33-35% now. Retail influence is low on the totem pole here, pretty far from being the order of the day.
well, if it was cheap at 20, its 6x cheaper at 3.50. Math is math.
You either believe this stock is going BK or you don't, it's that simple at this point. The equity is an option at these levels. It seems consensus short opinion wants to lump BTU in with ANR and ACI... they can do so at their "own peril". When (IMO) no Chapter 11 comes to frutition, there are a lot of bags above 3.50 from here.
The boat is heavy on the short side of these trades. Shorting coal is getting long in the tooth. It has been easy for shorts - just throw a dart at any coal name and you're making bank. News flash... they arn't all going bk. That game is just about up i'd say. There's not much left to shart at penny stock levels for most coal... money's been had.
Back In for more pain, BTU and CLD. @ 5.44 & 6.11. Rode ANR down from 8 to 7 area almost three years ago... hard to believe that BTU is half where they were then.
The way I see it, there isn't much left on ACI and ANR bones at penny stock levels. How much more can even be priced in at this point. 40 more cents? The fork is already in those cakes, they're cooked. Thinking that once they stop falling, which should be close, we get a floor under BTU pretty soon.
Dice rolled, let's see what numbers come up.