A big buyer often will use several brokers and place many smaller orders over the hour and thus one gets a flat line looking chart. It really is not price fixing, more like a smart buyer who acts quiet at a swap meet or thrift store and buys slowly any item below a certain price, but does it not in some "buy at the market" type buy that bumps up the market. I do this for roofing work blue jeans, buy any pair that sort of fits below say 2 to 2.5 bucks. Since Katrina's rebuild I have bought over 100 pairs in the 99 cents to 2.5 buck region . Often they are brand new or almost so. ie very strange
Google dumping coal stocks gives Norway, Rockefeller, the Church of England dumping coal stocks. The odd thing is Norways vast income is from oil
The real unknown is how many fund guys/gals have their new tune to dump all their coal stocks to be politically correct. If they are smart they sell off stock in small chunks and not in giant blocks. With big sell orders any thinly traded stock will crater downwards
Tobacco stocks went through deep declines in the 90's too, with college funds dumping the stocks for moral reasons. Today it is coal, oil, Disney, heck even Johnson and Johnson gets labeled as bad by some funds. My experience with Ford in the 1980's and MO in the 1990's is the stocks can go lower than one thinks at "the bottom" and thus the "herd" goes nuts and does odd things. Each week here I have thought ARLP was a bottom but it keeps on cratering
ARLP's recent massive decline is either something happened to ARLP's orders or the masses in general are dumping coals stocks and thus ARLP drops too. It is frustrating to watch the stock drop. Here I actually bought a tad more arlp but each day it seems to go cheaper thus bought too early since human and not mind reader
Another new low today of 28.01. The volume was about 7/10's of the daily normal.
Google "inside the war on coal" and see the politico article that says "Over the past five years, it has killed a coal-fired power plant every 10 days. "
3:12 a dump of 1200 shares thus the price goes lower to absorb the shares. Spreading out the sells would fetch more cash but many folks just hit sell all or try to sell bigger chunks than the market can absorb, thus the price drops on thinly traded stocks.
Had an order in for few hundred at 28.18 and never filled, Then changed to 28.20 when the act was at 28.25 and one minute later the price was 28.12. Thus maybe poker and they see ones hand and thus Mr Market does odd things? Right now it is at 28.19
The stock is about the same price as Nov Dec 2012 after Obama got re elected and the war on coal was lengthened. After that drop it went up and now is back to new 52 week lows
The prediction said 50 bucks in 2 years; thus will you still post this until Sept 30 2016? You leave of the "in two years" in all the thousands of reposts. The posts said 50 bucks in 2 years
Coal in general is out of vogue. Sometimes mutual funds, state government retirement funds will dump good stocks because the holding is "evil" ie oil, coal, makes guns or ammo, has 3/100 or a percent in Abortion drugs. ie the masses often dump good stocks to be pollically correct. An odd neighbor investments in Timmoy funds thinks an index fund of the S&P500 is the devil, so is Walmart, Johnson and Johnson, Wells Fargo, Disney etc. His mom owns an oil well thus OK, I have shares in coal thus evil! go Figure
I have owned MO on and off since 1981, and PM now too. In some IRA's I sold all my MO at about 45 and thought that was a peak since the PE ratio was really high. I was surprised that MO went well into the 50's, my plan was rebuy MO back in those IRA's when it was in the 30's gain. In my taxable accounts I did not sell my MO.