We were recapping the trading day now with Fred and Rob at Lange Financial Services and thought we would post their thoughts below for our readers. W&BR Market action today was excellent. Down about 80 DOW points in mid afternoon, heading towards what was seemingly going to be a sharp down day, stocks rallied sharply led by IBM, APPLE, and…
See below the chart today from Dahlman Rose on coal shares as well as the industry outlook from Brean Murray below. We remain bullish on coal and would use any weakness to continue accumulating shares. LFS and W&B. DAHLMAN ROSE & CO COAL UPDATE PRICES. CHART BELOW Ticker Rating Price* Target ACI Buy $31.61 $43.00 ANR Buy $55.22 $72.00 BTU…
Just a brief update this evening before trading begins tomorrow. Spoke to the guys at Lange Financial Services tonight and thought I would post some of the thoughts here for all to read. The shares of Coal stocks have recently been in a sharp correction phase, more so than the overall markets. We remain bullish on Coal and Coal related…
After discussing the situation with Lange Financial Services, we thought it relevant to make this post now implementing some of their thoughts on Coal. We initially posted on January 5, 2011 that we remain bullish on Coal shares and would add to positions on weakness. We continue to be bullish on Coal, and Coal Shares. We would use weakness to…
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 (…