I agree...The only money I have ever made on this stock is shorting it from time to time. I do own some shares long but went short after yesterdays price action because I see every time coal stocks get close to a break out and resistance they tank...I am still short and will make up some of my losses tomorrow.
SO many reasons but lets start with the incompetent CEO that tanks the stock every time he speaks....Why is ANR the lowest out of all the #$%$ coal stocks?
Ben you lost on this stock...WLT stock is a much better buy at this point. Look at the price action today and over the last couple of months. I will buy WLT when this sell off is over in coal but not until these hit new lows. I hate ANR management team.
Will be 10 percent any moment now...I am actually starting to root for Bankruptcy because this management team deserves to be on the unemployment line just like all the worker bees that have lost their livelihoods because of the lack of leadership on the BOD.
I agree...I own some shares for the long haul but shorted this first thing this morning...Will test the lows one more time because this is the worst coal stock of them all because management does nothing for investors.
Not anytime soon and that is why this stock only goes lower...Terrible stock and management
Yes the pos needs to be fired asap and the rest of the management team as well...insider sold shares two days ago...shows you how much confidence these idiots have in the stock price increasing...what a shame that shareholders are losing everything as the management team does nothing...where is the jv news? Nada until next year and end of the year tax loss selling of all coal stocks has not even happened yet.
It will never get passed or built what do you not understand the vote was meaningless...just another reason for shorts to destroy the stock price because this management team is the worst ever...Obama will utilize his executive dictator powers and veto it...so once again I say the vote is meaningless and ANR is going to new lows.
Good news for coal companies...shorts ran with this story for weeks and now it is the longs turn to profit....even if longs do not get a short term gain the longs will be rewarded buying ANR at this discount price.
I live in Cali and the number of companies leaving this state annually is Astronomical...the liberals are ruining a beautiful state and driving big businesses to texas and other more business friendly states. Bankrupt cities, illegals, high energy prices, taxes will be whats left in Cali. I will soon be leaving myself but just waiting for the right opportunity to unload my properties at the right price that I bought at the low end of the market a couple of years ago.
Thermal coal and coal stocks are rallying after Glencore (OTCPK:GLCNF, OTCPK:GLNCY) said it would halt production at its Australian mines for three weeks to try to tackle a global supply glut.
Deutsche Bank says the move is an important signal from the world’s largest producer of seaborne thermal coal: “Taking 5M tonnes out of the 1.1B [a year] seaborne market is a relatively small starting point, but may mark the start of more to come."
But other analysts say it is no sure thing that Glencore’s move would be copied by others or lead to permanent mine closures; unlike some rivals, Glencore has less exposure to "take or pay” contacts which oblige miners to pay charges of up to $25/metric ton to use rail and port.
You hit the nail on the head...Americans are finally waking up to the fact that Obama policies are dangerous to American livelihoods...Even his colt followers are turning their back on this anti-American thus the Republican landslide in midterms. Obummer is a disgrace and if I served in the Air Force under this man I would have had one salute for him and it would of been a one finger salute.
I thought it was now called climate change? America has spoken...climate change is a farce and when the subsidies are no longer existent for solar companies than they will go belly up.
There are no small pullbacks in this stock...When it rolls over like today than it falls very fast and any long will tell you it is brutal holding the stock. Hopefully not the case this time but it would not surprise me if it plays out one last time.
Boyce speaks stock drops...but all commodities are down across the board....3/4ths of the country will be living in an ice age for the next week or so.