Posted by eoberlin1 on 29th of May 2009 at 10:55 am
How about Coal stocks here?
I am looking hard at JRCC and PCX. They have been consolidating,
and look primed for a BO. But until that happens, I am reluctant to
jump in. However, if I wait too long, I just know that one of these
days, it will gap up big, and I will have missed some gains, and
then have to chase.
The 20 DMA is only a dollar underneath, so that would be a
logical place to put a stop.
Again, it all depends if the market is going to move up or
down.
COAL STOCKS
Posted by eoberlin1 on 29th of May 2009 at 10:55 am
How about Coal stocks here?
I am looking hard at JRCC and PCX. They have been consolidating, and look primed for a BO. But until that happens, I am reluctant to jump in. However, if I wait too long, I just know that one of these days, it will gap up big, and I will have missed some gains, and then have to chase.
The 20 DMA is only a dollar underneath, so that would be a logical place to put a stop.
Again, it all depends if the market is going to move up or down.
I have read articles about
Posted by dylan398 on 29th of May 2009 at 11:11 am
I have read articles about coal piling up at the docks in China...be leary....summertime is not usually a "peak time" for coal
They are covering their dollar
Posted by hornsant on 29th of May 2009 at 11:55 am
They are covering their dollar positions converting them into commodities. Also been buying copper.