Walter Energy makes money off of Metallurgical Coal; colder winter doesn't have affect on that. it is if car manufacturing or building needs decrease. I am just guessing a dead cat bounce. I suspect WLT will continue to fall tomorrow and on Friday.
How do you BIG MONEY is buying or BIG MONEY is selling? Most of the volume You can see from the Graph and Chart, was going down. Going back up is extremely low volume, like just 1/10th the volume going down.
Only 18 more cents to my buy on Friday.....Wish me luck!
Look at the volume today. The volume was huge going down to $13.65 range was some 7 million shares. But the movement from $13.80-14.15 now is only about 1 million shares.
we will know since they are so concentrated at 25% of the shares.
I admit when I am wrong. I am quite impressed that WLT is going up over $14 when I expected to close below $14. So, I am wrong.
Does this guarantee that they will make money? No. But it does greatly enhance their probability of doing so and puts them in a better position than most retail investors. So which funds have been buying big stakes in NQ Mobile (NQ) lately?
Name Date Shares % Change
Toro Investment Partners 11/12/13 7,591,695* NEW
ChinaRock Capital Management 11/18/13 8,360,010* NEW
Oberweis Asset Management 11/19/13 9,000,000* +100%
Altimeter Capital Management 11/15/13 9,497,535* +2,000%
*Shares represents five Class A Common Shares
As we can see, these funds have been busy acquiring big stakes in NQ Mobile, as they took advantage of the allegations made by Muddy Waters ("MW") a few weeks ago. These funds now own close to 23% of the Company.
So what exactly do they love about the Company? Here is what Jim Oberweis told Bloomberg news after doubling his stake in the Company.
"When you look at the business prospects, their position in the marketplace, their ability to start to monetize and most importantly, the valuation, the valuation, the valuation, the business begins to look pretty compelling."
It must be noted that Oberweis's China Opportunities Fund has beaten all competitors in 2013 and over the past five years. The good news for shareholders is that NQ Mobile now represents the largest position in five of six Oberweis funds. After beating competitors over the last five years, I wouldn't want to be betting against him. Oberweis continued by saying, "It says something that they released their earnings on time. I don't think Pricewaterhouse (NQ's auditor) would let them if they had significant concerns."
Let's see what happens after 3 p.m. until closing....does the stock fall from $4.07 or does it keep going up? Let's see.
What are the chances?
People who margined too high at $16-19 range will probably have their brokerage firms will be forcing sales after 3 p.m.
new Met Coal mines in Australia are coming online in 2014 and they are lower cost than US (Walter Energy). All I can see is more losses for WLT next quarter.
Metallurgical, or coking, coal exports expected to decline
Monday - November 25, 2013 Business Photo Galleries
By John D. Oravecz
Published: Wednesday, Nov. 6, 2013, 12:01 a.m.
Overseas demand for coal used in steelmaking is expected to grow by more than 30 percent in the next two decades, but most will come from Australia and other countries as higher-cost exports from the United States decline.
Demand for metallurgical, or coking, coal used to come from China and India, but India will surpass China as the largest user, experts said on Tuesday at the Met Coal World Summit 2013 in the Omni William Penn Hotel, Downtown.
China's steel industry appears destined to decline because of real estate overbuilding that cannot be sustained, among other factors, said Philipp Englin, CEO of researcher World Steel Dynamics in Englewood Cliffs, N.J.
Average down and buy in the $11-12 in middle of December. No rush. It will keep falling.
Let's be frank here Obi Wan Kenobi. If you are a true long-term investor, you wouldn't bother reading these posts every 5 minutes as there is absolutely nothing to be gained by reading these posts at all.
So, don't try to pretend you are wise and all-knowing. I will say I have absolutely no clue and totally stupid about the stock market. All I am doing is posting what Goldman Sachs and the other banking analysts are saying about pricing with iron ore and met coal. And, that the more likely probability is there will be more sell-off with WLT as it ran way too ahead of itself. Also, whenever I see a day when 8-10 posters saying they bought at the low and expecting a pop, that is a sure signal that the stock will continue to fall.
Only when I see many people yelling and screaming at management or manipulation or utter dispair, then I know it is close to bottom. That has not happened yet. Too many posters think it is bottom and actually bought early this morning and already losing.
I have no idea where top or bottom is. I know the probability going until December is that it will head lower due to margin selling, due to tax selling and due to the collapsing price of Met Coal that Goldman Sachs, Westpac Bank, and other Australian Banks are predicting. And, with many new Australian mores for iron ore and met coal coming online in 2014, the pricing will be decreasing more due to glut.
When you have so many small retail buyers like yourself predicting this is a good price point; then you know it falls much further. I predict this will be down -1.50 from what you bought it in just 5 trading days.
Now you know why WLT will fall much further; too many posting they bought at around $14 thinking it is the low after falling 5 trading sessions.
When many people post this thinking it is the bottom and they are smart, you know then the stock falls much further.