Peabody Energy Corporation (BTU)

[PrecisionTrade$]

Hey for just a learner you timed it right dude. Unfortunately there are millions of people that didn't see the decline in fossil fuels coming.Even the " experts " dont know what the heck is going on. Nobody knows where bottom will be.Summer Drive Time for oil ? We called that one. No go. Now coals demise is amazing, government all of the sudden ganging up on the industry that was already beaten down by other huge declines in fuel. Then they are pumping Nat Gas as the #1 fuel producer for electricity. Its a gang bang.BTU didn't get here because they are a bad company, they got here because what they are mining and selling has fallen to poop. Just like Oil,everything associated with oil, to a certain extent Nat Gas, metals Gold, Silver< Platinum, Paladium ETC ETC everything that was considered " GOLD " 2 years ago is now challenged. This wont last forever, if investors buy at these levels or lower we dont think there will be many losers as long as everybody is patient. Peabody will be fine when the product they sell is fine. Ditto for almost all energy driven companies. GL

We still own mid $2 hoping for a less worse than expected earnings manana and a much better than expected guidance. Fingers crossed.