this argument has been used all too often. blood has been in the streets for long time. there was never a time to buy this stock. what is different now?
every other stock went up after downgraded. clf was downgraded at 4.50 to 2.50. it went to 6.80.
pbr was downgraded at 5 to 4.50. it wetn to 10 dollar.
only coal stocks are worst investment in the history of stock market ever.
what makes you think it will bounce from here? There is no news to make it go higher.
there is a reason grasso has a stop loss.
btu was given every opportunity to go up but it did not move the needle. dollar down, oil up, ng up, all other commodity stocks up. but nothing helped. so why in the world now it will go up.
btu will go now 4 or less. nothing can stop this now. most hated stock on wall street. more than any stock i have ever seen.
every #$%$ god dman stock went up after downgrade. pbr was downgraded at 5.30 to 4.50. it wetn 10 dollar. clf was dwongraded to 2 dollar when it was 4.50.
only btu is 1 stock which goes down everytime no matter what.
here is another news. this is the latest news 5/15/2015 - jefferies downgrades btu to 4.50
and i gotta feeling that we are not going see anything but downdraft for all coal. if it hasn't happened yet, what will make it go now up.
carl icahn does not own btu. if he did, btu would be 10 dollr by now.
BTU is showing to me that it wants to go lower and make more 52 week lows. No strength at all. To me this stock is completely broken and no hope for recovery.