Patriot Coal Corporation (fka PCXCQ)

[frankj]

ouch! What's going on over here? I've been watching this for awhile and looking to buy, but I'm all vested elsewhere. I was about to move over to this and I see it keeps going down.

I do like the adjustment of 10 down to $6, so that is very optimistic. Even at $4 is pretty decent. I thought when I was able to invest here it was going to be back in the $3 range

any reason why its going lower? This appears to be a solid investment. I thought all the financing was worked out and it appears a nice shake up in management was done to get this baby rolling.

Should I not even waste my time investing?

If no rumors of the BK was even done, it would still be in the $3 range, so that was a pain. I almost jumped in a few weeks ago at $3.30 range and I thought that was a steal.

any and all feed back is greatly appreciated