SunCoke Energy (SXC): I'm still not in SXC. So far it's comin...

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Re: Timothy Smith post# 22

Monday, 10/26/2015 4:24:16 PM

Monday, October 26, 2015 4:24:16 PM

I'm still not in SXC.
So far it's coming into my lower range anticipated (4.80-5.20).
I would speculate similarly as before that this rises around or before ex-div later in later November, and before then Nat Gas should stop crashing, and as the market knows, coal competes with nat gas, so when Nat Gas gets very cheap, it puts pressure on coal companies.

Knowing these factors, I'd look for a very oversold entry opportunity soon (possibly under 5, upper 4s) as Nat Gas may also bottom short term around late October.
When nat gas takes a break from crashing, this will also be a short span away from ex-div later in November and SCX will be at very oversold all-time lows, so starts should be lining up for it soon.

My previous posts here below on speculations & trade set up thoughts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117855859

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117780151