there wasn't a new 52 week low. It almost hit the 52 week low but shy by a few cents then bounced like usual. It trading almost 2 dollars below book right now/
GS wanted to buy shares, so they put a sell rating on ANR, funny enough, WLT is down more than ANR percentage wise right now. I think its a bear raid before the weekend, something must be up or they just wanted to buy shares or cover their short position. Very good buy right now for long term.
I added more at 9.94. What a gift. I'm not selling. If you take the chart out longer than a yr, you see this at key support. This is awesome. As long as your time frame isn't minuets or days, If your time frame is yrs, you'll be very happy.
Your probably right. They downgrade and then buy. With their stake, you'd think they would want to take it up.
Yea, I like the 13g's filled this past month, all the low puts scare me, however, 99% of options expire worthless. CLF got the 13D filing. I'm happy with all the 13g's with WLT. If I'm not mistaken, I believe they took positions in December didn't they? If so, it was in the 15-19 range then, depending on what day, I could be wrong though, I'd have to look again to be sure. I believe they took more on when WLT was downgraded.
I can't believe no one is talking about all the insider buys the last couple of days. First, these are the buys from 2/20/2014. All officers purchased these shares at 10.91 a share. Earl Doppelt 20,689 shares, Walter J Sheller 75,160 shares, Daniel Cartwright 15,880 shares, Richard Allen Donelly 15,804 shares, Micheal T Madden 18,232 shares, Robert P Kerley 6,257 shares, William G Harvey 24,677 shares, Thomas J Lynch 7,986 shares. All these were buys on this past Thursday. There were some meaningless sells today on 2/21/2014. Here are the sells, all with a price of 11.20. Daniel Paul Cartwright 278 shares, Thomas J Lynch 237 shares, Walter J Sheller 1607 shares, Robert P Kerley 216 shares, Micheal T Madden 482 shares. All this Information can be found on WLT's website. Just look for the SEC fillings. Just thought I'd share this info with the board.
shorts were wrong on this, I'd cover as soon as possible. They are losing big time. Wait till CC. It will spike higher. Can't short this close to a 52wk low and non core asset sale around the corner.
Not to mention the non core asset sale they are doing. That will boost them 250 million to pay down some debt. Then refinance their notes due in july and this thing goes over 20pps in a few weeks after this is done.
You would have to sell your stock at 11 though. This is going over 12 by Friday. Keep your stock and just sell on Monday and make more money. This stock has big swings, it will be in the 14-16 range sooner than you think. That's why I keep it, I know its going back up and when it does, it makes its move so quick, its impossible to time it.
this would be a triple bottom. if you look at the 6 month chart. Very bullish. the 50dma and 200dma are both in the 14 and some change range. If earnings are not as bad as the street's saying they will be, this will rocket past that 14 range and then its back up rather quickly, (if you look at the chart). Earnings have to be not as bad as everyone is saying and they need to give guidance about the asset sale. Six months ago, Mgmt. stated, it would be completed by may of this yr. If that's still on track, we're good to go. Everyone I talk to say the bottom is in and that met coal would rebound the 2nd half of this yr. I've also heard that 2015 Met will rise to the normal prices before the decrease in prices began. Remember, the good met coal can only be stored for a little more than a month before the quality decreases. I believe we're in a shake out mode before the run up. I'll just follow MS, Blackrock, and the frauds at wells Fargo, who manipulated this down to this level anyways to buy more shares, Plus all the insider buys that have taken place in 2013. I'm not worried long term.
I bought MF Global thinking they would get bought out and lost it all. Just something to think about. I'm tempted to buy in here thinking a sale could happen. It's too risky for me, however, I wish you all luck and hope you make a killing on this.
Hey genius, this is wlt message board. Maybe you cant read ticker names. Go post on BTU board. The ticker is BTU not WLT. I'll put my 3.98GPA against yours any day genius. Good luck with BTU.
The markets always over-react to predictions. There's other analyst's that predict the opposite. It changes on a weekly basis. This stock is way oversold, period. It will have to bounce, plus earnings and dividend announcement are due out any day now. Funds will buy this up, for the simple reason of the non core asset sale. It may be hush till earnings. If your not in, its too late. By the time premarket opens, it will already have made a huge move on way or the other. Still, the overall annalists PPS are in the 25-26 range. Only a small number funds (who has agendas) have a less than 20.00 price target. It's never as bad a situation as they make it out to be. It's like weather men, do their predictions ever turn out as they say on the news, the answer is no. They always use worst case scenarios.
Yea, but their past history tells you the story. Wells Fargo is a financial institution that has an agenda. They want to accumulate a bunch of shares on the cheap before earnings. Everything is all planned out before the plan gets executed. They know to the dime how far the stock will fall, however, they're not the only firms involved. It's many firms involved and work together to execute the plan flawlessly. Retail investor's are the sheep. If you don't want to get burned, don't trade it, you'll lose. You just have to hold and let them do their thing. The weak get slaughtered, the strong survive. The decrease in the PPS this month is odd, This usually happens before a buyout, the firms will take it beyond ridiculous to accumulate. You cant blame them, they want to make money. If we ran firms, we'd do the same. Met coal is not dead no matter how many #$%$ Cramer's there are out there. When they can make cars, bridges, buildings out of Nat gas and solar, I'll worry then.
I wouldn't worry. This week has been a gift because we're paying attention. Right now we're trading approx. 2 dollars below book. The question is, Are they going to lose book value this quarter. If you listen to last conference call, they were on track to make production quota plus, china and other country's, stock up and buy more coal, due to the fact, they don't ship that much coal in the month of Jan. This is what's called a shake out to buy huge lots cheaper. The weeks downgrades were orchestrated, nothing was said that hasn't already been known for months. You have to think of a shyster when buying this stock. They don't really want a bunch of retail investors owning this stock. Every now and then, they will make it known. You really have to be stubborn and hold this stock through these shake outs. It was trading 16 earlier this month. When they announce the non core asset sale, it will be again. When humans can make steel from Nat gas and solar, I'll worry then. lol. Just hold tight. They make take it down to 9.80 for a triple bottom, just cost average if and when they do. Steel is just not used for cars, it's used for structures, buildings, bridges to name a few. WLT is rated the best quality of met coal out there. Someone has an agenda to perform before the end of Feb when they walk it back up for earnings release and dividend announcement.
You cant time the market perfect, however I added more at 11.66 and 11.50 today. Something is going on for this shake out. Once they announce the non-core asset sale, this will be back in the 14 range near term. The RSI is way oversold. Look for a bounce on Monday.
I called this a couple days ago. This was the hard support at 11.90 I was talking about. If you look at the 6 month chart, this is the level it want's to test at, not 12.50.