wow.  implied vol is very

    Don't know if anyone mentioned WLT but it's a rocket.  Maybe ...

    Posted by falcon5678 on 18th of Jul 2013 at 11:23 am

    wow.  implied vol is very very high on it.  it has been a nice covered write of late.  wasn't it a takeout candidate up around $40 a couple of years ago?

    Yes you're right Falcon. Coal companies

    Posted by msclip on 18th of Jul 2013 at 11:48 am

    Yes you're right Falcon.

    Coal companies have been beaten up badly.  WLT was a $140 stock in mid 2011.

    I am seeing a double bottom on the Monthly chart.

    On Weekly chart: IF it can Close and STAY above 8 EMA ($13.51), we can see $15 and then potentially $18-20 range.

    I'm looking for a swing trade with this one, if it can beat $13.50.

    Many shorts will be squeezed

    I might be wrong in these figures... any comments or advice is appreciated by all.

    Thanks Steve & Matt for all your efforts and help. 

     

     

    Nice double bottom chart.  Thx

    Posted by falcon5678 on 18th of Jul 2013 at 01:49 pm

    Nice double bottom chart.  Thx

    yes - that coal sector

    Posted by matt on 18th of Jul 2013 at 02:11 pm

    yes - that coal sector has been so utterly destroyed, they were all due for a bounce, not just WLT, all of them have bounced: WLT, BTU, ACI, ANR etc

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