15 of the last 19 days were down days for the Dow. It is hard not to buy something that isn't dropping.
I have a buy here at $12. But will keep my on it and decide at the last minute whether or not to let it hit. Word on the street is that a President Obama will not be good for coal. Hmmm....
Arch Coal (ACI Quote - Cramer on ACI - Stock Picks) target cut at Goldman to $22.50 from $30. Q3 results came in below expectations due to weak pricing environment. Long-term, expect declining earnings trends due to economic slowdown. Maintained Neutral rating.
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