BOUNCE

[gambler2075]

BTUUQ.PK: Finally got one here... Wished I had gone in really big but went in pretty small-medium unfortunately. Still holding and trying to figure out how far this 10M short covering bounce will last.

http://www.bilderload.com/daten/btuuqMBFRE.jpg

Since arch coal (now ACIIQ) declared BK, gapped down to like 14c or whatever, and traded down to 11c a couple of days later... then went up to 79c, I don't see why Peabody couldn't make a huge move. Arch had like 6.5B$ debt and 5.8B$ assets... on the other hand, BTU has 10.1B$ debt and 11B$ assets. So... could BTUUQ hit 2.5$? I wish! #neversaynever

Arch (more debt than assets): (5.85B vs 6.45B)
http://www.leveragedloan.com/bankruptcy-arch-coal-files-chapter-11-has-275m-dip-loan/

Peabody: (more assets than debts): (11B vs 10.1B)
http://uk.reuters.com/article/uk-peabody-energy-bankruptcy-idUKKCN0XA0NY

g