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Post by clinton on Mar 31, 2014 19:39:50 GMT -5
OBV suggest WLT might be getting accumulated Attachments:
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Post by nirvana on Apr 1, 2014 23:27:26 GMT -5
OBV suggest WLT might be getting accumulated Wow I like that . Hope WLT back to the double digit. |
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Post by clinton on Apr 7, 2014 8:01:17 GMT -5
IMPROVEMENT! Attachments:
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Post by huh on Apr 7, 2014 12:17:18 GMT -5
OBV suggest WLT might be getting accumulated Looks like it's bear flagging for <$6. Will likely have bounces along the way, but I have a long term target ~$3.75. JMHO |
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Post by clinton on Apr 8, 2014 6:41:44 GMT -5
OBV suggest WLT might be getting accumulated Looks like it's bear flagging for <$6. Will likely have bounces along the way, but I have a long term target ~$3.75. JMHO I hate WLT as everyone knows. but the big three are lining up to make some shorts cover. 1. Rail reports up 2. China steel data turning bullish 3. and most important AUD has been very bullish making Australians coal more expensive as US coal gets cheaper. |
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Post by clinton on Apr 8, 2014 8:22:42 GMT -5
One down lcdnews Bankruptcy: James River Coal files Chapter 11; has $110M DIP facility stks.co/c0Pnx $JRCC |
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Post by huh on Apr 8, 2014 9:16:54 GMT -5
One down lcdnews Bankruptcy: James River Coal files Chapter 11; has $110M DIP facility stks.co/c0Pnx $JRCC That's the stock...I couldn't remember the name. Someone on the old board played that one a lot, and I kept pounding the table to short it when it was trading over $6 back in March of '12 because of losing a descending triangle at the end of a large rounded top. WLT has a very similar looking rounded top, but much bigger, and ended it with another rounded top versus the triangle. |
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Post by clinton on Apr 8, 2014 9:18:57 GMT -5
ANR and WLT may be next ones to file for protection
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Post by jacksrbtr on Apr 8, 2014 10:10:35 GMT -5
ANR and WLT may be next ones to file for protection Obama's done a real job on the coal industry here...wonder what's next on his hit-list? Problem is he kills something and doesn't promote a credible energy replacement...and solar is NOT one. |
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Post by clinton on Apr 8, 2014 21:32:42 GMT -5
Ya, I know I shouldnt but I just hate pumpers that pump companies w/o profits. Attachments:
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Post by huh on Apr 9, 2014 13:44:50 GMT -5
Unless it closes over 7.88 (back into the flag), seeing a WLT bear flag target of 5.85. Already broken & backtested.
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Post by clinton on Apr 12, 2014 14:04:22 GMT -5
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Post by clinton on Apr 17, 2014 8:16:07 GMT -5
improving Attachments:
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Post by huh on Apr 17, 2014 8:22:26 GMT -5
Unless it closes over 7.88 (back into the flag), seeing a WLT bear flag target of 5.85. Already broken & backtested. I'd still be careful of WLT & the potential bear flag. Still looks to be Fibbing and flagging here. Yesterday's high overshot the backtest some, but only to backtest a previously failed & un-backtested FIB. Over the previous FIB ~8.05 would be promising, but really needs over 8.35 to become ST bullish. Otherwise still targeting 5.83-5.85 to the downside.  JMHO |
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Post by clinton on Apr 17, 2014 8:34:11 GMT -5
WLT ACI ANR are shit companies
my charts, should in no way be taken as me giving a buy recommendation.
but they do suggest shorting is way more dangerous.
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Post by huh on Apr 17, 2014 8:42:57 GMT -5
WLT ACI ANR are shit companies my charts, should in no way be taken as me giving a buy recommendation. but they do suggest shorting is way more dangerous. Sorry if I overstepped Clinton. I do agree on those being shit companies. ANR has one of the worst charts out there IMO. Looks like it's targeting low $2's now. Was only pointing out a couple coal companies to be careful of - or even better - possible hedges against a long position. But I'll shut up on them. |
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Post by clinton on Apr 17, 2014 8:45:51 GMT -5
WLT ACI ANR are shit companies my charts, should in no way be taken as me giving a buy recommendation. but they do suggest shorting is way more dangerous. Sorry if I overstepped Clinton. I do agree on those being shit companies. ANR has one of the worst charts out there IMO. Looks like it's targeting low $2's now. Was only pointing out a couple coal companies to be careful of - or even better - possible hedges against a long position. But I'll shut up. No dont shut up. and you did not overstep. I just wanted to make my position crystal clear for anyone other than our core group that might read this thread. |
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Post by clinton on Apr 17, 2014 8:47:57 GMT -5
you offer a perspective that is different than mine and is needed. I lean on fundamentals more and you more on charts, balance always needed between the two
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Post by huh on Apr 17, 2014 8:53:21 GMT -5
you offer a perspective that is different than mine and is needed. I lean on fundamentals more and you more on charts, balance always needed between the two I agree. I stink at the fundies in coal - but combining the two sets-up for great trading. Who do you see as the strongest coal companies out there? Would be a nice play to long a good one and short the bad ones. Would like to find a long play that works better than DJUSCL. |
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Post by huh on Apr 17, 2014 9:03:25 GMT -5
Here's the ANR chart BTW. Pretty much identical to what JRCC did a while back.  |
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