Brief Update On Coal

[ 0 ] January 5, 2011 |

JUST A QUICK UPDATE ON COAL. WE REMAIN BULLISH ON COAL AND COAL SHARES AS WE HAVE BEEN FOR SEVERAL MONTHS. WE SOLD OUR POSITION IN BTU AS A RESULT OF THE FLOODING IN AUSTRALIA AND THE NOW UNCERTAIN ENVIRONMENT IN THAT COUNTRY AS A RESULT.

WE LOOK TO ADD TO POSITIONS IN CLF ( CLIFFS
NATURAL RESOURCES), WLT ( WALTERS ENERGY ), AND ANR ( ALPHA NATURAL RESOURCES) ON WEAKESS IN THESE SHARES. WE WILL UPDATE IN THE FUTURE WHEN OUR THOUGHTS CHANGE ON BTU.

MARKETS STILL ACTING WELL. ACCUMULATE QUALITY POSITIONS DURING PERIODS OF ANY WEAKNESS.

Happy Trading!

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Category: General, Markets and Trading