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Deez
Way to rock the quarter dude
Thanks Lostball
I wasn't sure and I'm kind of a pack rat of sorts..
I had a stop loss set so I didn't get clipped real hard but I did loose some. I know these mines and got family that work in them. So I could toss out enough to get 5K at these prices and if it turns into dust in the wind it's no biggie.
THis might seem like a dumb question but wiil Patriot Coal ever have anything to do with this stock again or when they exit BK will they just come out with a new symbol and this stock will be nothing to them....Anybody know for sure???
Thinkin I'm gona punch out 12 on this next 2.09
or do you think that's too risky
What's you spread limits deez
Day Trading
Looks like they still like this stock. Looks like waves on the ocean
Hey Zer0v
I got into PCX @ 1.23 and more @ 1.49 and more @ 2.23 I've got family in the Coal business and in the Railroad business. I was wondering if you might be speculating. let me know.
Here's a cool link check it out.
http://www.nscorp.com/nscportal/nscorp/Media/News%20Releases/2012/ns_pier6.html#&panel1-5
LONG on PCX
Adeez
Yep I got in on some @ 1.23 a while back got some more @ 1.49 an more @ 2.26 shure would of like to caught that Spike and dip this morning though. Can't hit em all though. I seen sombody pay 2.92 this morning in pre market.. wow
so I'm standing by commander
PCX Monday?
Any one have any ideas I'm really interested
Hey Stanner
It's just like this There is a Huge DIFFERENCE between closing a mine and putting it on "Hot Idle". Most all of these mines that they hype about are on hot idle meaning they can start producing pretty quickly with in a week or so. A closed mine can't be. So Nit-wits like to make a big deal out of it for their adgenda. It's crap really.. They shift workers around most of the time and mines being put on idle is nothing new is been going on for years, on again, off again.Makes a great story for the news though.
Re: Sambeaux and AugustaFriends
Sam: I'm watching the total volume today looks like it gona exceed the total number of short positions. They're givin em every chance to "Get The Hell Out of Dodge" and if they ain't gone by let's say 1:30 or so there gona '"LOWER THE BOOM ON THEM"
Yea I write blogs at seeking alfa Workin_for_a_livin
AugustaFriends: I may take you up on that....
Hey sam
Maybe they took the article I wrote to heart ya think?
Efrky check this out
Lots of interesting data ou there to be sure however, if we tighten our focus and use department of energy figures as they apply to coal instead of “energy in general”. We can focus on what we mine what we sell, and where it goes. An important dynamic in this arena is natural gas prices. Currently there is a “glut” of natural gas. Natural gas prices are far below what it takes to produce in. In business… that has to rapidly change or else…If you read my article in seeking alpha
http://seekingalpha.com/instablog/344781...
an interesting scenario is taking place..
Coal exports http://www.eia.gov/todayinenergy/detail....
U.S. exports to Europe in the fourth quarter of 2011 increased both quarter-over-quarter and from the fourth quarter of 2010. Several factors may have increased U.S. exports to Europe in 2011:
• South Africa shifted steam coal exports from Europe to Asia
• Russia and Columbia had limited spare coal export capacity available to meet European demand
Exports of metallurgical coal—used in steelmaking—accounted for 65% of coal exports in the fourth quarter of 2011: 18.0 million short tons with an average price of $181.41. Exports to key Asian markets (South Korea, Japan, and India) increased to 3.9 million short tons in the fourth quarter of 2011. Fourth-quarter exports to China (1.3 million short tons) grew 28.4% from the third quarter of 2011, but remained about the same as the export level in the fourth quarter of 2010. Metallurgical coal exports to Italy (1.1 million short tons) and Ukraine (1.3 million short tons) also grew appreciably from the fourth quarter of 2010.
Steam coal exports increased by 27.0% from the fourth quarter of 2010 to 9.6 million short tons. Exports to the United Kingdom (1.2 million short tons) and South Korea (0.9 million short tons), which together accounted for 22.4% of total steam coal exports, were followed by lower levels to Germany, the Netherlands (a major trans-shipment port), and Belgium.
Coal is currently the dominant fuel for electricity generation and is likely to remain so, even if additional environmental control regulations targeting emissions of mercury, sulfur dioxide, nitrous oxide, and acid gases from coal power plants are implemented in the near future. Analysis included in the Annual Energy Outlook 2011 presents the results of alternate cases that anticipate the effects of these proposed regulations on the electric power sector. These alternate cases show that projected reliance on coal and natural gas generation in 2020 is sensitive to the extent of retrofits required, the length of the period over which retrofits can be amortized, and the level of natural gas prices.
A quick glance at the chart amplifies the word “DOMINANT” in the preceding paragraph
http://www.eia.gov/todayinenergy/detail....
our coal is being exported at a record pace.
I believe in investing in Coal
Thanks
MW
RE: iheartweimers & Post 1720
Interesting numbers to be sure however, if we tighten our focus and use department of energy figures as they apply to coal instead of “energy in general”. We can focus on what we mine what we sell, and where it goes. An important dynamic in this arena is natural gas prices. Currently there is a “glut” of natural gas. Natural gas prices are far below what it takes to produce in. In business… that has to rapidly change or else…If you read my article in seeking alpha
http://seekingalpha.com/instablog/3447811-workin_for_a_livin/815471-coal-black-gold
an interesting scenario is taking place..
Coal exports http://www.eia.gov/todayinenergy/detail.cfm?id=5990
U.S. exports to Europe in the fourth quarter of 2011 increased both quarter-over-quarter and from the fourth quarter of 2010. Several factors may have increased U.S. exports to Europe in 2011:
• South Africa shifted steam coal exports from Europe to Asia
• Russia and Columbia had limited spare coal export capacity available to meet European demand
Exports of metallurgical coal—used in steelmaking—accounted for 65% of coal exports in the fourth quarter of 2011: 18.0 million short tons with an average price of $181.41. Exports to key Asian markets (South Korea, Japan, and India) increased to 3.9 million short tons in the fourth quarter of 2011. Fourth-quarter exports to China (1.3 million short tons) grew 28.4% from the third quarter of 2011, but remained about the same as the export level in the fourth quarter of 2010. Metallurgical coal exports to Italy (1.1 million short tons) and Ukraine (1.3 million short tons) also grew appreciably from the fourth quarter of 2010.
Steam coal exports increased by 27.0% from the fourth quarter of 2010 to 9.6 million short tons. Exports to the United Kingdom (1.2 million short tons) and South Korea (0.9 million short tons), which together accounted for 22.4% of total steam coal exports, were followed by lower levels to Germany, the Netherlands (a major trans-shipment port), and Belgium.
Coal is currently the dominant fuel for electricity generation and is likely to remain so, even if additional environmental control regulations targeting emissions of mercury, sulfur dioxide, nitrous oxide, and acid gases from coal power plants are implemented in the near future. Analysis included in the Annual Energy Outlook 2011 presents the results of alternate cases that anticipate the effects of these proposed regulations on the electric power sector. These alternate cases show that projected reliance on coal and natural gas generation in 2020 is sensitive to the extent of retrofits required, the length of the period over which retrofits can be amortized, and the level of natural gas prices.
A quick glance at the chart amplifies the word “DOMINANT” in the preceding paragraph
http://www.eia.gov/todayinenergy/detail.cfm?id=1550
you are correct that it takes oil fired ships to get to Europe and Asia just as it takes oil fired locomotives to reach the ports however Europe and Asia are buying our coal at a record pace.
I believe investing in coal particularly now
COAL IS BLACK GOLD
Aside from the mountains analytical data and the reams of cost and production sheets. Let’s look at some interesting bits of info that sometimes zoom right past us when we’re trying to analyze all the data and sift thru all the hype and blogs .
Chesapeake and other energy companies have shifted drilling activity from “dry gas” fields to those that are “liquids-rich,” meaning they contain oil or natural gas liquids such as propane, butane or ethane, whose prices are based on those of crude oil . Chesapeake said it would trim the number of rigs drilling at dry gas fields to about 24 by the second quarter from 47 currently in use, or about one-third the level it averaged last year.
Its production cuts in Louisiana’s Haynesville and Texas Barnett shale should mean lower overall U.S. natural gas production in 2012 than in 2011, Chesapeake said. Those two fields have together accounted for virtually all of the 14 bcf increase in U.S. production over the past five years, the company said. Chesapeake’s spending on dry gas fields will fall 70 per cent to $900-million (U.S.), it said, as it reduces the number of drilling rigs operating in the Barnett and Haynesville shales and in Pennsylvania’s Marcellus shale. On Friday, its smaller peer EQT Corp. said it had suspended drilling in the Huron basin indefinitely because of the low gas prices.
Shale gas: resource estimates for four plays (Haynesville, Fayetteville, Eagle Ford, and Woodford) were updated using the mean value of resource assessments recently released by the U.S. Geological Survey (USGS). The shale gas resource estimate for the Marcellus play was updated using new geologic data from the USGS and recent production data. EIA’s estimate of Marcellus resources is substantially below the estimate used for AEO2011 and falls within the 90-percent confidence range in the August 2011 USGS assessment, although it is higher than the USGS mean value.
At a meeting in New York this morning, (June 27 2012) Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson said that his company is “losing our shirts” on natural gas production. Did he just notice that prices have fallen below the production cost? Wallstreet 24/7
And Exxon is not alone. The other top producers of natural gas — Chesapeake Energy Corp. (NYSE: CHK), BP plc (NYSE: BP), Encana Corp. (NYSE: ECA), ConocoPhillips (NYSE: COP), Devon Energy Corp. (NYSE: DVN), EOG Reso
urces Inc. (NYSE: EOG), Anadarko Petroleum Corp. (NYSE: APC), Ultra Petroleum Inc. (NYSE: UPL), and Questar Corp. (NYSE: STR) — are suffering from an identical problem.
The spot price for natural gas fell below $2/thousand cubic feet earlier this year, and has jumped recently to trade at around $2.84/thousand cubic feet today. Only the Marcellus shale play can post a production cost anywhere near that number. Other natural gas plays all boast production costs above $3.50/thousand cubic feet.
My Take so far:
Yes we have Natural Gas competing with coal . It’s selling for a lot less than what it takes to produce it-- way less . Now who among us thinks that’s not going to change ? Certainly not all the big producers.
The writing is on the wall my friends. You can change the font and make the words look prettier (spin the story) but, the words still say the same thing . THE PRICE IS GOING TO GO UP..
Wait a minute…. If the price is where it is now and it’s competing with coal? What happens when it goes UP..? ? Hmmmmm ?
Coal: The average minemouth price of coal increases by 1.4 percent per year in the AEO2012 Reference case, from $1.76 per million Btu in 2010 to $2.51 per million Btu in 2035 (2010 dollars). The upward trend of coal prices primarily reflects an expectation that cost savings from technological improvements in coal mining will be outweighed by increases in production costs associated with moving into reserves that are more costly to mine. The coal price outlook in the AEO2012 Reference case represents a change from the AEO2011 Reference case, where coal prices were essentially flat. Total coal consumption—including the portion of CTL consumed as liquids—increases from 20.8 quadrillion Btu (1,051 million short tons) in 2010 to 22.1 quadrillion Btu (1,155 million short tons) in 2035 in the AEO2012 Reference case.
The United States exported a total of 107 million short tons of coal in 2011, up 31% from the year before and the most since 1991, according to the STEO. U.S. exports of steam coal, used mainly to fuel power plants, were an estimated 37 million short tons in 2011, the highest since 2008. Estimated exports of metallurgical coal reached record levels in 2011, about 70 million short tons. EIA Data
The Cost of Energy: Comparison per Million BTUs
Chemical engineer Robert Rapier has provided a comparison of costs per million BTUs for various energy sources. It is an interesting beginning point for discussion.
Current Energy Prices per Million BTU
Powder River Basin Coal - $0.71
Northern Appalachia Coal - $1.76
Natural gas - $2.81
Ethanol subsidy - $5.92
Petroleum - $13.56
Propane - $13.92
#2 Heating Oil - $15.33
This is the type of comparison that many with an agenda do not want you to see. But there it is, stark and plain. It is important to separate issues of cost from peripheral issues such as "carbon climate " and "peak oil."
The only way that Powder Basin coal can be used cleanly is via gasification -- preferably using Integrated Combined Cycle Gasification with Combined Heat and Power production (IGCC with CHP). IGCC extracts more energy from the fuel, using both gas and steam turbine cycles. CHP makes productive use of the "waste" heat, making the entire enterprise above 80% efficiency. Powder Basin coal is cheap and dirty, but it can be used cheap and clean using IGCC plus CHP. If you want liquid fuels, you can convert cheap, dirty coal to cheap clean liquids using gasification plus Fischer Tropsch catalysis etc.
Forget the carbon sequestration, unless you have an algae farm or other productive use for the CO2 you are sequestering. Carbon sequestration is a horrific waste of resources. It virtually eliminates the advantages of IGCC while doing nothing for the environment except necessitating the use of even more fuel.
So now where are we? Back to the central and Appalachian and Illinois basin coal. Now us old-timers, we remember . You know the coal mines and railroads that “ BUILT THIS COUNTRY”
CSX and Norfolk Southern have done a better job offering strong dividend growth, but Union Pacific offers a solid 2.1% yield -- somewhat worse than CSX's 2.6% -- and beats out Canadian National Railway's 1.7% yield. Norfolk Southern, however, beats them all with a 2.7% yield.
These conditions have also helped companies like Norfolk Southern, which has recently reported increases in its coal and automotive shipments, and CSX, which recently reported higher overall freight volume. …(Investors daily 6/29/2012 2:19pm)
Northern Region coal shipments declined, but exports from the Eastern and Southern Customs Regions continued surging during the first quarter of 2012. Total US coal exports were up 3.5 percent, putting the country on track to possibly set an all-time coal export record in 2012…..(Sightline Daily 28 June 2012.. 4:10pm)
HOLD THE PHONE ! ! Haven’t we been hearing how coal use is down and in such miserable shape and how it’ all but gona disapear ?
Maybe someone should call up the railroads and tell them that all those railroad cars they’re haul to the east coast “they’re all a mirage” ! Yeh.. and if you decide that coal trial coming down the tracks is a mirage and you decide to cross the RR tracks you’ll find out real quick how it’s NOT!!! ----
HAVE I GOT YOUR ATTENTION YET ? ?
The United States has been called “The Saudi Arabia of Coal” with good reason. We have Vast..Vast..quantities of the highest quality Black Gold on the planet and the rest of the world knows it. They want it and it’s being sold to them.
Take a real close look of what’s being shipped out of THE EASTERN ports .All of them ! Don’t forget the ones that are owned by the railroads either.
Then there’s metallurgical coal yes eastern U.S. spot price pushing $300.00 per ton . Norfolk and Southern pier #6 in Norfolk VA. loads 150,000 ton freighters 2 at a time. Yep $45 million each.
Hi kmtht2001
Gee you know this is the thing,,,
The train left the station at at 3:20pm EDT 26 June 2012
Now lookin through my book here... "I don't have any Round trip tickets". So best I can tell ya here is that when ever ya can catch up with us ..."We'd sure love to have ya as a passenger". The thing is this though. These big ole coal trains are hard to stop. I maen when ya think about it ya got 100 cars and 70,000 tons of Coal on a deadline ...well you get the picture.. now we'll slow down every now and again. So jump on when ever you can. Just remember we got dead lines and we're gona meet em..
After hours LINK
http://www.nasdaq.com/symbol/pcx/after-hours
It's not streaming so you have to refresh to update it
GL
MW
Interesting Reading
BLOOMBERG NEWSWIRE
Europe Burns Coal Fastest Since 2006 in Boost for U.S.: Energy
By Rakteem Katakey, Rajesh Kumar Singh and Rachel Morison
July 02, 2012 7:01 PM EDT
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Europe is burning coal at the fastest pace since 2006, as surging imports from U.S. producers such as Arch Coal Inc. (ACI) helped cut prices 27 percent in a year and benefited European utilities including EON AG.
Demand for coal, the dirtiest fuel for making electricity, grew 3.3 percent last year in Europe while sales of less- polluting natural gas fell 2.1 percent, the steepest drop since 2009, according to a BP Plc report. Germany’s EON and RWE AG (RWE), the biggest utilities in Europe’s largest power market, are considering shutting unprofitable gas-fired plants even as Chancellor Angela Merkel promotes gas to replace nuclear energy.
Europe’s higher coal use defies its policies to penalize carbon emissions and is based on profit margins climbing to a two-and-a-half year high for coal-burning power stations, data compiled by Bloomberg Industries show. Cheaper coal was made possible partly by a 49 percent jump in first-quarter imports from the U.S., Energy Information Administration data show.
“Coal will continue to remain on the money in Europe because it’s more competitive to burn than gas,” said Trevor Sikorski, an analyst at Barclays Plc in London. “More and more of the coal to Europe will come from the U.S. where just the opposite is happening.”
Thanks to the explosion of shale drilling, natural gas futures have fallen about 36 percent in 12 months in New York, pushing utilities to combust more gas and rely less on coal.
$530 Million Expansion
That decline has pushed U.S. producers such as Arch Coal to increasingly look to Europe as an export market. Peabody Energy Corp. (BTU), Alpha Natural Resources Inc. (ANR) and Arch stand to gain from Europe’s rising appetite for coal.
Arch, which opened a London sales office on March 1, ``expanded our reach with a dedicated sales team in Europe because we see increasing energy demand,'' Kim Link, a spokeswoman for the St. Louis-based company, said in an e-mail yesterday.
Companies in the world’s biggest economy are spending at least $530 million to expand coal-export capacity to meet overseas demand, David Host, chief executive officer of shipping agent T Parker Host Inc., said June 22 at the IHS McCloskey Coal USA Conference in New York. Capacity will grow 35 percent to 285 million tons annually by 2015, he said.
In Germany, as much as 6,400 megawatts, or 25 percent of the nation’s gas-plant capacity, will shut through 2015, Deutsche Bank AG predicts. EON, based in Dusseldorf, credited “improved market conditions for coal-fired assets” in Britain among drivers for first-quarter earnings. An EON spokesman yesterday didn’t respond to requests for comment.
Essen-based RWE, the best-performing European power utility stock this year, increased electricity from lignite coal by 20 percent in Germany in the first quarter. RWE spokeswoman Annett Urbaczka declined to comment on specific plants’ profitability.
Gazprom, BG Group
Gas suppliers whose sales may be undercut by the switch include Russia’s OAO Gazprom, the world’s biggest producer, BG Group Plc of the U.K. and Norway’s and Statoil ASA.
Gas-fired plants need about half the carbon permits of coal burners. Even so, the 17 percent drop in permit prices to about 8 euros a ton ($10) from their February high has reduced their competitive advantage.
“Even if they were twice the current level, utilities would prefer coal over gas for power generation,” said Paolo Coghe, senior analyst at Societe Generale SA in Paris.
European utilities burning coal had a profit of 16.3 euros per megawatt-hour in the second quarter this year, compared with 9 euros a year earlier, according to data compiled by Bloomberg Industries. Plants using gas as a fuel only broke even in the quarter.
Hey Looks Like
THE TRAIN LEFT THE STATION!
Daily high interesting!!
Been pushing hard and steadty in the high all day. It's at the pivot point now with volume do you agree??
Canestsal Do you have positions in PCX???
MORE ON Natural Gas ..NOT HARDLY!!
As I've stated. The links I post are The actual story (with no funky links) Here's an interesting tid-bit. It's recent.
http://247wallst.com/2012/06/27/exxons-natural-gas-confession-bad-for-all-maybe-an-earnings-warning-xom-chk-bp-eca-cop-dvn-eog-apc-upl-str-ung/
Although the "EIA" puts out fiarly good info. Other factors to concider are production cost which they rarerly take into account in a meaningful manner. Another is unforseen court rulings. To witt: John and Mary Butler vs. Charles Powers ((State of Pennsylvania)) This could send shockwaves through the Shale gas industry "And They are watching this one" Next check out what the USGS (US Goelogical Survey) recently stated about Fracking going on in Oklahoma and the earth tremmors there. If Uncle Sam throws the brakes on most of the Fracking going on. I wonder what that scrambel is going to look like. Finally just recently ''sorry can't remember off hand where it was" I think mabey VA.or PA one of those Fraking Companies did a court settlement on water polution paid out a bunch of bucks. Now Fracking's probably ok out in the western regions with low populations but in the Eastern part of the U.S. It's Dicey to say the least..
Thanks
MW
Coal Shipping & Exports
CSX and Norfolk Southern have done a better job offering strong dividend growth, but Union Pacific offers a solid 2.1% yield -- somewhat worse than CSX's 2.6% -- and beats out Canadian National Railway's 1.7% yield. Norfolk Southern, however, beats them all with a 2.7% yield.
These conditions have also helped companies like Norfolk Southern, which has recently reported increases in its coal and automotive shipments, and CSX, which recently reported higher overall freight volume. …(Investors daily 6/29/2012 2:19pm)
Northern Region coal shipments declined, but exports from the Eastern and Southern Customs Regions continued surging during the first quarter of 2012. Total US coal exports were up 3.5 percent, putting the country on track to possibly set an all-time coal export record in 2012…..(Sightline Daily 28 June 2012.. 4:10pm
Natural Gas NOT HARDLY!!
Here is an interesting article. NO it's not someones Blog. And no you don't have to sign up for any e-mails This is the real deal Friends ...I am long on PCX Here's one of several reasons...
http://www.businessinsider.com/north-america-is-poised-for-huge-natural-gas-shock-2012-6
Hang in there
and
Thanks
MW
Hi 10452Km2
You could be correct the trade deal was odd in that it was for the exact same amount. I called the people from both Platforms I use and both said said they seen only 1 trade for that amount.. which was still significant so I sent them a "screen shot" of what I have showing. There "gona get back to me".Anyway I'm still hanging though on this one. Thanks for the response
MW
Hi 1045km2
The trades showing here on this platform are NYSE are as follows
1. Trade (sale) 100 @1.31 16:00:16 EDT
2. Trade (sale) 369,820 @1.29 16:01:33 EDT
3. Trade (sale) 5,000 @1.30 16:02:19 EDT
4. Trade (sale) 1,900 @1.31 16:02:32 EDT
5. Trade (sale) 369,820 @1.29 16:02:32 EDT
6. Trade (sale) 3,000 @1.34 16:16:40 EDT
7. Trade (sale) 100 @1.34 16:19:53 EDT
But that's what I have here
Thanks
MW
Hi 10452Km2
My platform has those trades as sales and their were 2 of those trades of identicle size on the NYSE 369,820x2=739,640 those trades occurred at 16:01:33 and 16:02:32(Less than 1 minute apart) these were instititutional trades. As I have posted before (I hope folks are paying attention) "shorts" are really not the concern here. This company stock is under HEAVY manipulation by institutional trading outfits "obviously" trying manipulate the price of ""and by proxy" control a coal company that has reserves of more than 5 times of companies that trade at a much higher prices. (NOW) I ain't blogin for any body here!!! If you look at this very closely. You may have read yesterday about a very high profile individual that manipulated the bonds on a distressed company.. The SEC is gona "BURN HIM DOWN". The thing is this, greed seems to "ALWAYS" overrule common sense when it comes to things like whats going on with Patriot Coal. Believe me when I tell you it's on the "RADAR" BIG TIME. I have positions in PCX and I'm not involved in what's going on but, I do have insight and input in this. With that said. You may remember a while back when there was a HALT put on trading this stock, might of been back in May or so. They will halt trading based on percentages. "Do you Remember?" Thats when this "Popped up so to speak". These trades today occoured "After trading hours ,,,JUST...But it dosen't matter "according to law" when they happen just that they, did as far as prices are concerned... and the affects of it...If you look at the rules for stocks trading "Under 3.00" they are broader.. So... I watch this kind thing as are others "If you get my drift"..
{{The preceeding statements only represent the obivious}}
Comment are welcome
Thanks
MW
Hey llhabela777
Glad you noticed that at 2:40 this afternoon. The same outfit tried it in the morning didn't work out for them then either. The scary thing about it is they're still sittin on another million shares or so. I'm really happy with everyone today pretty good buying a some judicious selling but thats the market. As I've said on here before I like this company It's way under-valued I can tell ya.
GO PCX
Thanks Everybody!!!
MW
A Good call to wait. The stock is held 62.5% by Investment managers. It looks like from the names on the Level-2 platform that this stock price is being controled by 4 or 5 of the major holders. There is very little the individual investors out here can do. Even if every individual stockholder out here decided to increase their positions these players could negate it fairly easily. Non instututional holders only account for 32.5% of the stock. This brings us to the last few days and a comparison of the volume of stocks traded by individual and brokerage firms compaired th the institutional holders. These firms trades are easily spotted if you don't have a platform that tells you who's buying. One can look at the candle sticks compared to firms and see after non institutional transactions buy or sell block trades buy or sells are quickly placed to arrive a price level. Which has been maintained for hours each day. Case inpoint 22 June from 11:25am to 3:45pm Flat!@ nearly 2X average volume. 25 june 12:25 to 4:00 Flat near average volume. 26 June 11:35 to 3:25 Flat volume 1.5X average. An inportant factor in this the VOLUME with th flat price. This pattern at these volumes is unique to say the least. So I'm interested if anyone can direct me to a time since PCX IPO in 2007 that we've seen this. I'm also interested in what your take is on this.
Thanks M W
This is taking on the appearence of a battle for a controling interest in this company that sits on massive reserves spun of from a peabody split. Over 60% if this stock is institutionaly owned. It's high BTU and metalurgical coal. I sits in areas that have nearly unfettered and close access to rail and barge transport. Is this your take on this? I've been invisioning a couple of different plays here and have already read the info you have in your post. I've seen most of there operations from the air along with some others. I can tell ya they don't play around when it comes to mining coal for sure. I wasn't suprise with the management shuffle. I'm really interested in your Ideas on the Play Here..
MW
OK Dex From 11:00 till after 2:00 for 3 hours on friday this was right at this price yet it traded 16 million shares for "THIS" coal company. On really no news now after hours it traded 2 1/2 millinon shares (AFTER HOURS FRIDAY)? now if you have a trading platform that shows whos buying and selling it's like "IN YOUR FACE""" let's see how long it stays between 1.21 and 1.24 today. Short positions only have 1 or 2 days to cover there positions at these trading levels spikes may occour when they cover however the price goes right back to 1.21 to 1.24 I hope it goes up that would be cool but right now .........
I'd use caution until they stop manipulating this price I'm holding and watching.
Looks as if there still trying to manipulate the price of this stock in Pre market trading. After hours on Friday trading looked like adjustments however block trade sales of purchases and sales were nearly equal in size until the price went up then the sales got bigger in even units until the price stabalized. the pre-market is starting to look the same. I wonder why they are doing this? Wish I could buy more shares.....