This is why I think we go down the next two days. All these shorts have only 3 days to cover. When they cover it will go up big time, just in time for all those 17.50 call options due on Dec 21st. Just my opinion.
Walter Energy Incorporated
Daily Short Sale Volume
Short Interest (Shares Short)
Days To Cover (Short Interest Ratio)
Short Percent of Float
Short Interest - Prior
Short % Increase / Decrease
Daily Naked Short Selling List
Short Squeeze Ranking™
% From 52-Wk High ($ 40.65 )
% From 52-Wk Low ($ 9.88 )
% From 200-Day MA ($ 16.92 )
% From 50-Day MA ($ 15.71 )
Price % Change (52-Week)
% Owned by Insiders
% Owned by Institutions
Trading Volume - Today
Trading Volume - Average
Trading Volume - Today vs. Average
Earnings Per Share
Industrial Metals & Minerals
This stock never retested the 6ish level. When it hit that level, it jumped to 10plus. The stock needs to retest the six level before a sustained upward level can occur. Just my opinion. Not all gaps get filled or retested, however, I see this one getting retested.
Thanks for that AB=CD onepoint. I can see by future options your probably right on the money. When this spikes up, its too fast. I'm not going to trade it this time, I'm just going to hold for awhile.
Sentiment: Strong Buy
Yea, its normal this time of yr. This stock was in the 30-40 range the last 12 months, before that 140.00s. Plus GS lowered WLT's target to 16.00 a share, however, the general consensus price target for WLT is close to 30.00 a share if you average in all the annalists . Strong Australian output has lowered met spot prices 8 dollars a ton, however, GS also stated what everyone else has, and that is they expect a recovery from 4quarter prices in 2014 to 160.00 a ton. You have a lot of hedge funds that need to sell for the tax write offs and they cant re-buy for 30 days to claim it. The good thing with WLT is there met coal is among the highest grade and is very sought after. I tend to agree with one point on this, I'm sure there was some tax loss selling, however, it took stops out along the way and each day took out more. Just a note, if you haven't been in WLT, it took 4 days for it to go to 19 from 14, that being said, if your out when they decide to get back in, your a little to late. GLTA. WLT has done good for me this year even after that pull back. The bigger picture is, there have been major insider buys, and insiders don't buy a stock in trouble. Something is in the works and who knows when it will come out, when it does, I'm going to be in.
Support & Resistance Trading Levels
Yearly R2 93.62
Yearly R1 64.75
Yearly Pivot 46.38 ---
Monthly R2 18.2
200 SMA/DMA 17.98
Yearly S1 17.51
Monthly R1 17.04
20 SMA/DMA 16.82
Weekly R2 15.93
50 SMA/DMA 15.56
Monthly Pivot 15.38 ---
5 SMA/DMA 15.28
Weekly R1 15.27
Weekly Pivot 14.82 ---
Day High 14.56 /\
Day Open 14.51 o
Monthly S1 14.22
Weekly S1 14.16
*Last Done 13.87
It's so oversold on the tech side, its actually funny how overdone this is. Hang in there, sooner or later we will have a day where we break even. It may even close .10 up from where it opened. That may spark hedge funds to get back in. Just saying, at this point you have to laugh. I keep selling everyday and getting back in at a lower price, it gets old after awhile baby sitting this flush out.
Are they going to let the 10500@ 17.50 December calls expire worthless, not the mention all the calls at 16 and 15? If you look at the 6 month chart and draw a line from the first 52week low and connect the low peaks up until todays price range, its basically right in line with this pullback. Who knows about this stock though. Tech wise, my charts are saying oversold at this point. It all depends what the big boys want to do with this.
lol, I'm not one points other account. I didn't read those particular posts form 13. I read the ones from when it was in the mid 18s I guess. I got in at 10.86 originally and sold too early at 17.00 and it went to 19. I bought back in one the way down a bought too early. I truly didn't think I was going below 16.30ish range, as usual I was wrong and had to sell and get back in at a lower level I must have done this 5 separate times. I was able to accumulate a few more shares than I originally had though. I was thinking a short squeeze would happen like it did in BBY and didn't want to loose out like I did on that run. I need the M&Ms to be off for a week so this can bounce back some. lol.
I thought one point was a basher and a short, and thought it would just keep going up after it broke out. A lot of stocks don't have a retraction as big as wlt did. One point nailed it, kudos to him. I'm long also. I'd like to think we bounce back. I'll consider one points advice in the future if he posts on move ups or downs. If I would've listen to him out volume bars and such, I would've made more money.
If you Google news articles about wlt, most analyst have already stated 108 back in June of this year. The sale of non core assets isn't scheduled just yet, they're working on it, 3 months ago, WLT said in the next 9 months, we still have 6 months to go, that's a lifetime in the market. Anyway, it will happen when you least expect it, probably on a weekend and if your out, it will be too late to get in, so its best to just hold and be patient for awhile. They'll come through. From what I understand and have read, most of their debt isn't due till 2021 and in the meantime, they apparently have a few companies may be putting bids together for a takeover. I know they have been saying this for a couple of years now, but who knows, it could happen. I think they'll be fine no matter if there's a takeover or not. Buy when others are fearful and sell when everyone loves the stock.
Hopefully we get a bounce next week. One point nailed the downturn from 19, I didn't believe it would go as low as it has, kudos to one point. I've been selling and buying back in all the way down. lol. GLTA
Citi lowered their price target to 19.00 a share. Over 12% higher than what we're at right now. This is a gift from the stock gods at 16 and some change. I'm buying another 1000 shares at the open. 19 to 16 in 5 days. Just crazy not to buy more here.
Hearing Market Chatter of $35 Bid by BHP for Walter Energy
Shares of Walter Energy (NYSE : WLT) rose in the pre-market on unconfirmed market chatter of a possible $35.00/share bid from BHP Billiton (NYSE: BHP). Walter Energy is the subject of frequent takeover chatter.
A spokesperson for BHP Billiton declined comment on the rumor but reiterated comments from the CEO that the company was focused on existing ore bodies. A Walter Energy spokesperson was not available for comment.
Walter Energy closed Monday at $18.49, a loss of $0.13.
Probably why this downgrade happened. It's great to buy the dips and accumulate. Its a volatile stock it will eventually run back to the 18s soon. IMO
Yea, they got downgraded from buy to neutral, however the consensus price target is close to 30.00 and were in the 16s lol. That buyout must be getting ready to happen In 1-3 weeks. Just like clockwork.
I would normally sell and get in lower, however, with my luck, WLT would announce that asset sale over the weekend and I'd miss the spike higher. M&Ms definitely are in control of this. I'm not worried, they're not letting the 18-19 options expire on Monday. Should be interesting to see what happens.
I first got in at 10.86ish and have been trading this and accumulating as much as possible, this time I bought at 17.80 and averaged on the way down. My core profits are still in tact though as of right now.
If this level holds we go higher, if it breaks this level, then my analysis was wrong, and I have been wrong a bunch of times, its just something to keep in mind. BTU had the same movement this morning which makes me think of the options are playing a part, we have a lot of 17-18-19.00 dollar options on the 16th. Should be interesting. I wish I would have played that JRCC bounce yesterday though, I knew it was going to happen, however, didn't have to guts to play it. lol.
If you look at the 3 month chart or even the 10 day chart, a very nice W pattern with 17ish to the 19 range with today being the double bottom. Could be setting up for a breakout over 19.00. May take a week to play out. Just something to think about. In any case, not worried, today was needed for us to go higher than 19.00. We'll have to sit and watch this thing play out. GLTA