It sure is a beautiful bottoming pattern a smooth bowl shaped bottom that could sure trap a pile of shorts as it grinds to $5.00 then all the way to $8.00 liberals and greenies beware your gonna take this one very dry
The company has done very positive things in the last year now as costs are cut and financing is pushed further out at slightly better rates we must be patient. We will see short covering only if we grind higher in small moves steadily up. The economy is growing and growth needs electricity and nat gas is high enough to help coals. When Looser George has lost all his allowance money on his 6 short shares life will be good.
It is truly pathetic how many job hating greenies are on this board job killing welfare taking lining up at the cheese line while real working people lose their jobs.
Their coals are dead just might be fighting $4.00 plus nat gas and the price just keeps climbing. do we see a short squeeze finally coming?
Nobody here cares about solar or wind power they don't work The Democrats think if they bankrupt coal then solar and wind will finally make sense because you will have no choice.
Will we see 5 again soon nope but you only need to get to $1.5 to book a pretty decent profit on 10k shares nibble until you have a position. those of you defending this that bought above $5.00 well good luck.
when players buy the bid in big blocks and the price does not move up its prep time for a bounce because these boys will own the shares and hold them out of reach later.
average in you will be rewarded soon the big players will have a position and pull away the ask and make a squeeze to 3 bucks where they will have make a bundle if your in at over 5 better average in or you will never see break even
listen George is a looser you and queen for a day need to take your solar panels and your green little buddies and go play p o o p darts in a closet and leave the real investing to the men.
Coal is not dead in fact we could see a return to $50 a share in ACI if nat gas were to rise, And Im sure nobody thought it would get as high as it did in 2008 but just when you think somethings too high it goes higher. Now that being said I do believe when the upgrades come and Anal Ists start saying its time to dip into coal all that aren't long will seen a 20 percent rise and wish they had been in I have a average of $4.13 and feel very good and those that aren't averaging down in these dollars if they own shares will certainly wish they did.
Just downgraded ACI to a $2.00 stock when it was trading at $4.20 so as we approach that number a lot of people that took that advice will start covering. Some of the more foolish will average up their position. could get very interesting. As for coals are dead My president says so , Im more interested in facts then feelings.
Morgan Stanley will look like a idiot kinda like the moron from cnbc's squawk box that said short coal when ACI was at $3.52 and shot up to $5.25 with in a month. This company should be trading at its cash value per share. The problem with Anal ISTS is they are paid weather the call thing right or wrong.