Not really the Dems...place the majority of the death of coal squarely on the shoulders of Obama and his belief of having an EPA with a relentless war on coal and he has won it would appear since there are so many companies on the verge. Of course China has played a role.
I agree that this took a bigger hit than most but a big part of the hit was due to them removing their hedges. Combine that with the oil price drop I can't imagine they will report stellar numbers in February. Like I said if this is hot money it will start to leave before they release their earnings the momentum guys usually leave a trail of bag holders when their work is done but they still have a few weeks to play.
First SNDK then STX now MSFT their earnings keep knocking MU back from moving higher. MU did a nice job closing on the high today so I guess there will be another pullback to get over early tomorrow and of course the predictable lower market open like we have each day lately.
The problem is nobody wants coal products especially with this EPA around for two more years.
Something is keeping this up each day possibly shorts covering but if this is just hot money moving this straight up it will leave also very quickly. Either way this is wild it's like you close your eyes and buy at any price it's too easy.
has his people buying shares with his new found money. It just goes straight up no matter what the market or oil is doing. It seems to be one of the only energy-related stocks doing this lately.
Not a lot but it seems each time MU wants to rally you have others lay an egg (SNDK, STX) dragging down MU. I think within a few weeks MU is back above $33.
The timing on a Friday afternoon with nervous longs, a volatile market and a negative tape was classic. I would have expected this from Goldman Sachs for sure. The banks are getting theirs with these low interest rates not one of the big banks has reported a strong quarter so far and each of the major firm's shares have had nice pullbacks.
Both firms seem to be on the same page and are working together to firm up FXCM's business and goals. Their money flows from their business seem to be OK including 30% of the total revenue in January coming in the last 5 days so obviously trading firms are not backing away from using them. The obvious issue they must deal with is the terms of this loan but through the sale of these assets and their business doing well especially with the volumes that must be trading with all the news and moves around the world's currencies lately I would think the business is stabile for some time. Like I said before this reminds me of Knight Capital (KCG) from a few years ago. Those shares fell from about the same level and traded for quite awhile between $3-$5 until the business was restructured some time later. I believe Monday (if the market does not tank) that you will see the upper $2's and maybe $3 for now since traders love to run these stocks. I still believe the buying into the close from $2.03 says something. I thought for sure shares would have dropped below $2 based on the Citi note and it being Friday. Citi was very clever putting the note out when they did and I would bet their traders were shorting from the high $2's all afternoon. Good Luck to all!
Unless you bought tens of thousands of shares you have a $2.60 price what are you making yourself nuts about? If you can't take it over the weekend sell now in the $2.30's in the AH. The Citi note tanked the stock in the afternoon before a weekend figuring it would shake out weak hands which it did. A few things to consider it would have closed below $2 if Citi was telling the market something new. The company would not have got into a deal if they knew they would be bankrupt within days after signing the agreement and the stock would not have rallied back nicely near the close if disaster was imminent. This is so much like Knight Capital from a couple of years ago and the stock traded for quite awhile between $3-$5 before they were reorganized.
This reminds me so much of Knight Capital (KCG) and that stock hung in there for quite awhile and traded around $3-$5 for until they were taken over in a reorganization and the company is still around with a different share structure.
I think Citi's afternoon note pushed it down to $2.03 but why were they buying into the close? And even still in the AH. Something is up here people are playing it as if it was an option for now but were Citi's traders shorting it knowing there would be a ton of weak hands before a weekend. I thought it would break $2 for sure but it did not and still rallied pretty good into the close. "If" no news over the weekend you may see a bounce Monday just for the fact that traders love to run these types of stocks.