coal stock r punished

Discussion in 'Stocks' started by gobar, Jul 2, 2008.

  1. Sector rotation for the next Quarter. X is getting killed today too.
     
    #11     Jul 2, 2008
  2. GGSAE

    GGSAE

    Well at least with some of the potash companies they've blasted through earnings expectations...how many times have we seen CF/AGU/MOS/POT crush expectations? Maybe we'll see it in a few weeks with the coals, however if they show week earnings expect a thick, juicy, delicious sell-off.
     
    #12     Jul 2, 2008
  3. moo

    moo

    Looks like you are going to make a big mistake. Big down moves are a huge warning sign, not a buy signal.
     
    #13     Jul 2, 2008
  4. gobar

    gobar

    bought some call option early in th morning but sold with little profit..

    hard to catch falling knife..
     
    #14     Jul 2, 2008
  5. <a href="http://tinypic.com" target="_blank"><img src="http://i26.tinypic.com/2d11qw.png" border="0" alt="Image and video hosting by TinyPic"></a>
     
    #15     Jul 2, 2008
  6. Term

    Term

    Very true. If you look at oil and fertilizers they all had some large down days before resuming their uptrend.. but if you look at the shipping sector, they sold off and never resumed... It seems that if they close off their lows that it is bullish.. but the fact that they closed at their lows seems pretty bearish.
     
    #16     Jul 2, 2008
  7. went long MEE at the close, then got scared at the last second, so I hedged it with BTU short. lol MEE down 2.50 and BTU down 3.00 AH. I guess i'm in the money. =)
     
    #17     Jul 2, 2008
  8. S2007S

    S2007S



    When you see oil down 10-15% in one day will you question the drop, I wont because it will be expected.
     
    #18     Jul 3, 2008
  9. aresky

    aresky

    Citigroup upgrades Peabody Energy and Arch Coal in improved view of coal sector
    Thursday, July 03, 2008;

    Citigroup added that powder river basin (PRB) coal could be "the next leg" in what it called the coal bull market in 2009 and 2010.

    The firm's upgrade of Arch came as the company is "most insulated from the downtick in European thermal prices, as its Central Appalachian exposure is largely met and the PRB accounts for the bulk of tonnage."

    The upgrade of Peabody was based on similar logic, it Citigroup said, though it also said that Peabody has underperform the sector so far this year, and that it had attractive exposure to Australian exports.

    Citi also increases price target on ACI from $63 to $86 and on BTU from $69 to $105.


    http://www.tradingmarkets.com/.site/news/Stock News/1733395/


    http://www.streetinsider.com/Upgrades/Citi+Upgrades+Arch+Coal+(ACI)+and+Peabody+Energy+(BTU)+from+Hold+to+Buy/3794810.html
     
    #19     Jul 3, 2008
  10. Kanzei

    Kanzei

    I'm with Citigroup on this one. There is no way China is going to stop building those dozens of coal plants, or shut down the new ones they are brining on line literally weekly.

    I'm not bullish on oil, but I'm very bullish on coal.
     
    #20     Jul 3, 2008