I think today or tomorrow is the bottom.
If you want to buy ACI, you should do it today, because it's the 3rd day after the price went below $3, and this is when most of the margin call liquidation happens.
Over-estimating yourself a little bit?
You don't "cheer" this stock up, especially on Yahoo Message Board.
Carl Icahn can "cheer" a stock up, and the paid advertisers.
Because your position is "nice and up now" that means you haven't covered yet. Let's see where it goes tomorrow :)
I have no idea where it's gonna go tomorrow, but that would be funny if it goes above $63.10, because of all the garbage your posting lol.
Maybe the coal industry will keep going downhill some more, but right now ACI and ANR are priced for bankruptcy. They are priced like Coal industry is going to die tomorrow.
However, if you look at ACI and ANR's debt maturity profile, even if they do go bankrupt, the soonest would be 2018
lol, people just don't know when enough is enough.
The price you are seeing for ACI and ANR has already priced in the recent developments with EPA, and how this will affect the coal industry down the road, as far as the market can see.
Yesterday when I see the price at $3, I just had an epiphany. I noticed that if ACI is not going bankrupt, this is an excellent price.
So I entered my position, and I'm prepared to see it drop to as low as $2.6 (like it did back in 2000) before it goes back up.
Because I couldn't tell if $3 would hold, or if it would go down to it's 15 year low of $2.6.
All I know is, if ACI doesn't go bankrupt, this is an excellent price. And I am pretty sure ACI won't go bankrupt due to their strong liquidity.
metzin4, so it looks like if you bought at $62, you already broke even this morning.
But I think there is still a little bit more room to grow on Monday.
My $9,000 red is not from AMD. I stopped trading AMD a while ago because it does not meet my criteria for stock trading.
Gap downs all over again. AHAHAHAHA
It's ok guys, if it makes you feel any better, I am $9,000 red on my stocks today.
But it looks like a general market panic selling, and I think should recover by Monday.
Nope, my scenarios are: You either make money, or you break even on the next spike, which would take place after a few trading days.
I am here to make money as well. But the funny thing is: you seem to be contradicting yourself.
i.e. you care enough to respond to this discussion. After I said I will take your advise of looking for a day job into consideration.
If you refer to my original post. I was telling people to buy at $62.
If you buy at $62, here are the scenarios that I see:
1. You make some money
2. You break even at the next spike, which is in a few trading days.
So, if scenarios #1 and #2 does not play out, then that means I was wrong.
Let's not forget, the discussion was never about whether you made a right move shorting at $63.
And let's be honest, it's useless to tell me that shorted at $63, because I could have very well said I entered position at $62 to begin with.
metzin4, I'll make you a bet, that for the very short term (swing trading), the market bottoms out either today or tomorrow.
And if you buy at the end of the day today or tomorrow - you will make some money, or at least break even over the next few days.
If I'm wrong, then I will gladly go look for a new job, I'm not afraid to admit I'm wrong, and the stock market is a never-ending learning process.
However if I'm right, then that means perhaps you should watch and learn.
That's because I don't think it's a market downturn. I think it's a panic sell-off created by the airplane crash.
Today was a bear day to begin with, and it was amplified by the airplane crash.