i always buy back only to get the shaft. Should sold the day of the pop made 1g and been done for the day....but no i always drink kool-aid. here's to $20...(takes a shot)...my liver needs a rest
There will be small rallies like this going forward but you need a world wide change in coal demand/prices before the big jumps to 20 begin. Right now supply is balancing as are gas prices. Over 50 GW of coal power is coming off the grid from now until 2017. Export coal is the key. It's going to take a lot more mine closings and a boom in exports for this to really turn around. Every time i sell i freak out that i am going to miss the "big rally" but i just don't see that big rally yet. The miners are in survival mode until supply and demand balance out and gas prices stay in the mid 4's. Do you know how much nat gas is coming online this year and next year and the year after? a lot. In June the US was short 3 bcf per day and now only a few months later we are only short .2 bcf per day. A LOT of gas is coming as are new gas fired plants. Gas hit two bucks last year because of pipeline constraints. A lot more pipe has been laid (pun intended). There is still a lot of time left before we balance out. I agree...load up the shares. I think come 2015-2017 we should all party in Vegas with our winnings.
I was just at a coal conference for work. Everything i hear is 2015 and survival mode until then. More high cost mines need to close all across the US and we need the gestapo i mean EPA to rule on existing coal plants. Every time i see these huge one day jumps i get excited that things are coming around, only to hold and see my profits go with it. I'm hoping for 4.90 like after the last earnings (i know i said 5.40, but i would really like 4.90) then i can get back in and hold for 2015
big ben, tell me i was right to sell today lol. I dont see anything drastically changing in the coal markets or prices for at least another year. Things are looking up but its a slow long road ahead. Hope i made the right call to take some profits today and not missing out on some big news
been holding this entire time because i was sick of the up and down games. Decided to take some profit here. Hopefully i don't miss some type of buyout news. Try to get back in after earnings when it hits 5.40