Peabody Energy Corporation (BTU)

[LouisDesyjr]

Early trading or bid/asked quotes

While no shares traded today (it got halted early on, around 6:45am), there are some reports that the last quote was $0.56 and I saw level II with bid/asked of $1.50/$0.75 but do not expect that will hold once trading starts tomorrow.

A number of posters seem to think or expect the stock will open down 80%, which would mean $0.41.

I am expecting that prior to the open of the market tomorrow, there will be a press release about the plan, and show nothing for the common shares.

I wish I had better news.

Louis J. Desy Jr.


Disclosure: I own put options.