shorts have been correct for 3 years now.
I am not short coal...I support coalminers but many big hands are making sure these stocks do not rally. Short interest continues to increase monthly.
Myth of arctic meltdown: Stunning satellite images show summer ice cap is thicker and covers 1.7million square kilometres MORE than 2 years ago...despite Al Gore's prediction it would be ICE-FREE by now
Read more: http://www.dailymail.co.uk/news/article-2738653/Stunning-satellite-images-summer-ice-cap-thicker-covers-1-7million-square-kilometres-MORE-2-years-ago-despite-Al-Gore-s-prediction-ICE-FREE-now.html#ixzz3C2EIY5Su
Ukraine exports about 20 percent of Europes coal but do to the war rails and coal mines are offline permanently. Some rails and mines have been bombed others now in the hands of Russian militia. India and Ukraine are having massive coal shortages....this is good for coal stocks but like meadowwood said until the huge short position decreases this stock is going to have minimal gains. PPS still controlled by shorts unfortunately. Fourtimes over 4.00 now was ANR just to give it back the next day or day of and BTU the so called sector leader PPS going lower daily with cloud coal energy news not helping today lowering guidance due to rail issues not getting better here in the US. Shorts have increased their positions for several months in a row now and coal companies cannot do a damn thing about increasing their PPS for shareholders.
Nat gas price when near 5 still did not help coal stocks rally...they go one way and that is down for three years now.
Many cuts have already been made throughout the industry and with the ruling against coal mines in India and now Ukraine mostly offline it should be enough to spike coal prices.I agree more cuts can still be made but this is still not going to clear up the rail issues that all US coal companies are facing. Lets face it shorts control the pricing of this stock and nothing else really matters at this time. The perfect storm is coming for coal stocks and it is just a matter of time. Gotcha...all US coal companies are going bankrupt....you should go work for the current administration.
Three year long shakeout....it goes down every day because wall street wants it to go lower. The market is rigged.
Shorts added to positions because this management team and PR department should be the ones laid off and not the hard working miners. Management team gives little information on the company and when it is time to release news PR releases nothing at all...no news is bad news when you are losing money quarter after quarter. No JV news will be announced this quarter you can count on it.
Does the company ever put out information about the company? I have been following this company for a while now and the PR department is rarely heard from. So to think that the company will say anything about the new JV is doubtful in my opinion. The only mention of new JV is at earnings announcements and they say very little as the stock sinks day after day. Very frustrating to say the least.
Horrible stock and no turnaround in sight. Wall Street will short this piece of trash to 0 and I for one will be happy when this terrible management team gets shown the door. all coal stocks crashing once again on media based articles from the shorts.
who cares...coal investors are losing everything like yourself...No recovery anytime soon. Wall Street will put more Americans out of work because the management of these companies allow it to happen with terrible managerial decisions.
Hang in there....I know you have been on this board for a while now...It could be worse as I own some shares of WLT. Coal stocks will eventually turn up after the crooks I mean big banks finish putting hard working Americans the coal miners out of work and close their short positions.
Got it...a phone that does not belong in your pocket....i will not be upgrading to new phone now.
and no end of coal over supply in site as more coal companies need to cut back production...coal companies are getting what they deserve...Voted for Dems and still pumping out too much coal causing over supply...same shi$ different day...Down it goes
Coldest winter last year and coal stocks lost half their value...Cold means nothing as long as Wall Street shorts are still putting these companies out of business and holding their short positions...Easy money is short
When it is delisted and on the pink sheets...Could not happen to a more terrible management team. They are getting what they deserve but unfortunately for share holders they are the ones losing everything.