wouldn't really read into today thinking it's "bad". Market took a huge dump and almost everything is down. This shouldn't have gone down as much as it did, but for some stupid reason, we closed at 1.26 on Friday, with after hours up to 1.29. We should have opened at 1.26 this morning, but someone how before market was done that took it to dip right at 1.21 right at the bat. We didn't even get a chance to open up at 1.26 and go down. Oh no, it just took a dip right at opening bell, which kind of put us in a hole right away.
I'm not sure if this is the work of the MMs or what, but it was definitely odd, especially after how high it went on Friday.
In any case, PCX and many others were pretty much boned as the market itself took a big hit.
This should be 1.50 this week, if not more. I'm still baffled that it's not at that already and higher. I considered myself very lucky getting in where I did. There is no reason for this to go down. Like many have said, this stock has never been this low.
I have NO doubt management of this company is under a ton of pressure to raise this price. You have a company that is supposed to be 2+ billion revenue a year with 4000+ employees, with constant shipping of product all over the world. They know that this should be at a MINIMUM of $4 to $5.
As for a possible hostile take over, I highly doubt it. If we stay at this level for awhile, then yes. A company will look to snatch this up quick because at a little over $1 a share for a 2+ billion a year revenue company. That's a no brainer. China or India place, or another coal place in the US will snatch this up real quick. They would probably try for $3 or $4 a share price, get in real cheap.
However, if this keeps climbing up like it should, then they won't sell without a HUGE offer (e.g. $10 a share price).
Surprised we still haven't gotten follow up news, but then again the last big news announcement they had was right at end of May. So, they may wait another 30 days to do another. That means towards the end of the week with good news. Just have to keep waiting.
The fact that so many financial places are jumping on this (I saw someone bought 4 million a week or 2 ago shares at a much higher price) and other places have this as a "hold", lets you know that this is solid and will definitely be going up.
When I saw how crappy today was and started off, I stopped looking at the price. Why? Because I saw the whole market and pretty much every other stock dipping down due to the market. This is one of those days where you ignore it, let people panic and get out and by holding, you will get back to normal and increase the price soon after. Being patient will pay off huge. If you're looking long term, then today is one of those days you choose to ignore as it means nothing. Some manipulation from other markets, and market as a whole, causing everyone to go down. It's tough, but this baby is going to fly up. Just getting news that the financing is 100% secure (we know it will be) SHOULD shoot this way above $2 a share. If you remember, this was at about 3.32 or so, and a "rumor" of possible BK caused this thing to plummet to $1.37 range or so. but once they came out and said "nothing to worry about, we are getting financing, no BK", it shot right back up to almost $2.40 or higher, and settled down to the low $2.
This is what is going to happen with this. We get confirmation and we'll be in the $2 real quick and shooting toward the $3 range, right where we are supposed to be.
