Capitulation day in Coal?

Discussion in 'Stocks' started by W4rl0ck, Sep 9, 2008.

  1. W4rl0ck


    Some of these stocks are reaching their 200 WEEK ma's.

    MEE 20% of float traded today down 20%. 3X avg vol.

    If these thing bounce their going to scream.
  2. cuz69


    Yup... I agree, trade: MEE, ACI, CNX regularly
    Today had some nice moves
  3. W4rl0ck


    What's the catalyst for up?

    Doesn't look like that many shorts but the data is old.

  4. cuz69


    Oil back at
    From what I can see, they might start just trading tight right now, because they are hovering around some support on the Daily.
    And if that happens, that will suck, because they have some wicked volatile daily ranges. If they tighten, I'll move on to what else is in play.
    Could be the homebuilders again?
    Had fun trading those a few years back.

    But in all fairness a large hedgefund unloaded ACI and MEE just got downgraded. Was down almost 10 pts today.
  5. Bootsie


  6. cuz69


  7. cuz69


    You trade any of those today? Still had their $4-5 intraday moves.

    Made some nice $$$ today and yesterday, but left alot on the table!!
    Was a little spooked, Anvil had problems all afternoon.
    3:30 calling it quits.
  8. W4rl0ck


    Yep. I'm not seeing a lot of follow thru tho. Most are still inside yesterday's candle.

    Like to see a hard bounce but maybe they're just road kill.

  9. cuz69


    Yeah I agree, like I said in my other post, they might just start trading tight. But as long as they have $4-5 intraday moves between high and low, I'll stay with them.
    But thats just my style, I don't trade anything with high volume and less than $2 intraday moves regularly.

    My friend is married to C and asks me to look at it, and I am like what
  10. W4rl0ck


    How many more crappy hedge funds/ Ibanks will be puking up coal?

    Ok, there's a worldwide slowdown, but seriously folks.
    #10     Sep 16, 2008