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nice reversal coming up....loading up
Shorts dream this pos
Fortune: Uber taps recent Supreme Court ruling to fight cab companies
http://fortune.com/2015/09/23/uber-fights-cab-companies/
Pop from bs Barron's article. Never fails. Profit takers congrats.
Uber. Is. No. Going. Anywhere.
No deal....another extension
http://www.streetinsider.com/dr/news.php?id=10853932
No news is bad news.
Debt deal go through?
Leveraged Loan Default Rates Soars on Coal Miner Bankruptcies
http://247wallst.com/energy-business/2015/08/28/leveraged-loan-default-rates-soars-on-coal-miner-bankruptcies/
yeah holding this overnight with the deadline looming is not for the faint of heart.
Friday race for profits...great day for trading today...high volume again.
Insanity
RSI (14) at 80...Take your profits....this may be your last chance....shorts are about to bring this down...Pullback will be swift.
Form Ts all over the place...hard to tell how she runs today,
this run is crazy...do you think we get another green day or do folks start taking profits?
Lol I know...the funniest thing is how retails are getting set up...84k sell order after hours @ 4.64. This beast will just continue to go up indefinitely....$10 by eow...keep holding long and strong! To da moon!!
insanity...RSI (14) approaching 80 %...there's a fool born every minute lol
Not sure...but this run reminds of VLTC...some people made out like bandits and took profits....others are still holding the bag...that's the problem with buying solely on momentum...you never know when the run is going to end....this is overheating here..RSI over 70 already
That's the speculative nature of this volume....unless there is insider trading...which of course is illegal and highly frowned upon by the fellas from the SEC. But yours is a fair assessment, they do have a few options, but imo, based on industry trends and market conditions, the most likely outcome is bankruptcy.
So you don't think bankruptcy is coming? Do you think all of the Sudden big coal is making a come back and ACI will get out of the red? Because otherwise at this pace they will run out of cash to pay the interest on their debt. Even in the most optimistic scenario, they will need to re-structure their debt, which will require filing for bankruptcy. good luck in your trades.Cheers.
speculation on a deal with note holders can explain some of the volume...but it is very unlikely that a deal favorable to note holders can be reached. Note holders are better of with bankruptcy, which is inevitable with the way this company has been bleeding cash anyways, deal or no deal. Bankruptcy is coming. Clean coal? Before president Obama leaves office the EPA is likely to do some serious damage to the coal industry.
speculation on a deal with note holders can explain some of the volume...but it is very unlikely that a deal favorable to note holders can be reached. Note holders are better of with bankruptcy, which is inevitable with the way this company has been bleeding cash anyways, deal or no deal. Bankruptcy is coming. Clean coal? Before president Obama leaves office the EPA is likely to do some serious damage to the coal industry.
share holders saved seems imo, overly optimistic...hard to see long lasting coal resurgence with jittery market and all around energy glut inducing down price action...I could be wrong, but seeing investors flock to a coal stock when overall market is getting obliterated seems a bit...unnatural. Then again, the irrationality of the market can be perplexing. Not saying Soros is the culprit, but it seems like the price action the last 5 trading sessions is out of the norm, to say the least.
watching the action on this, and the way she is running makes it pretty obvious the MMs are working it (but how, price manipulation is illegal??)...I have a feeling retail traders are being set up to get wiped out....could go up big or crash hard...getting dangerous here.
nice set up...they are getting ready for reversal
http://www.thestreet.com/story/13264315/1/arch-coal-aci-showing-signs-of-perilous-reversal-today.html
Agree with article. Day trader's dream right here. This has become my daily ATM. Can be risky because once the momentum is lost this is going below $2 again, but in the meantime trading the swings on this is very profitable.
agreed. Good money to be made with this volume and volatility. There are some poor fools buying this long....Trade and take profits because the pullback on this will be swift.
He lost big on PVA, so don't be so sure about that. He has already made money here. Other than Soros taking a position here, nothing has changed. Bankruptcy is still coming, and the coal industry in general won't be around for long if Obama's EPA has a say in it.
Soros Probably already sold after quickly tripling his money. These guys know how to make money off their names. The announcement that he sold will probably come after this thing is back in the Pennies range as it was Pre-Soros. Soros is no fool, He knows killing the coal industry is high in President Obama's to do list before he leaves office. It will be huge for his legacy with his base.
Good job selling when you did...I was watching on L2 and there were definitely some shenanigans going on. On a day when the overall market is getting obliterated, this continued its extreme bullish run....there were some big orders printing @ 4.50 + plus before it plunged...feel sorry for those folks still buying at that price. It just sucked I couldn't find shares to short.
Would YOU hold over the weekend if you were sitting on the kinds of profits made here after this EXTREME rally? have YOU seen how much this stock is up in the last 3 trading sessions? Do you think it will keep going up and up to da MOON? you should buy more today before closing... EoW coming good luck.
Doubt it.Extreme rallies favor short selling. anyone who bought 3 trading sessions ago is sitting on 90% profits. Think about that. Yeah, exactly. Profit takers alone will be bring this down. add Short sellers, and PPS may end up lower than before the rally. Sell greed, buy panic my friend. Also, we are talking about Coal here, you know it's a dying industry right? this company will have to file for bankruptcy and that is inevitable. debt restructuring for a Coal company in this upcoming glut of cheaper and cheaper oil prices is like putting a band aid on a shot-gun wound. Greed is Flowing right now....good luck in your trades.
RSI (14) already crossed overbought territory. Combine that with profit takers and pull back on this will be swift. $$horty about to make bank!
Whales can make a lot of money by simply entering a position, disclosing it, and then selling into the frenzy and crazy volume that follows the disclosure. does that sound like something that might be happening here? I have not seen anything other than his disclosure to justify the pop. It will be a while before we find out if Soros sold, but in the mean time there are plenty of chumps buying this right now because Soros must know something since he bought a small amount of shares here. Well, did he know something when he bought PVA @ $15.00 + (.76 today). Sometimes Gurus get burned too.
http://www.valuewalk.com/2014/08/soros-offloads-penn-virginia-pva-call-options-adds-swaps/
This run reminds me of PVA...I went to short it again around $3.50, but could not find shares. it is now trading in the pennies. I don't think the drop here will be as drastic, but just like then, I can't find any shares. Shorty is in big time. The Soros disclosure was the catalyst for the pop...just like when Icahn and the run VLTC had (from Penny land, to $21) , there is crazy money to be made from the irrationality of markets.
Insane volume. By the time we find out that Soros has sold his shares,Vol should be back to normal. Should be a good pull back today as people take profits after this insane pop. The benefits of riding the wake of whale.
Soros is down big on PVA also....energy stocks are going to be painful for the foreseeable future
Holy pop...sold and promptly shorted. This will make shorts some serious bank
why isn't this POS going higher with this volume? is someone dumping??? FML