Oxford Resource Partners, LP (OXF)

[dmlabuda]

You wanted an opinion on OXF. I don't see any technical reasons why this stock should rally back now. The hourly chart indicates a possible bounce of maybe $2.00. The daily chart is still indicating lower prices are possible. This stock has been in a strong downtrend since shorty after the IPO. The Price is currently selling for about 2.7 times the book value so, the price could continue to drop another 50% or more before it reaches a safe haven value. I would say keep an eye on it but, don't jump in with both feet quite yet because it's probably not going to be worth it even if you see a bounce. Just my opinion.

OXF - Daily Candlesticks