Monday, July 29, 2013 8:08:56 AM
They are holding and hoping it will get back to the levels they bought. It will be a long time even if they do get that high again. The thing is do you want your money tied up that long? The coal business is extremely volatile. Now more so with the invasion of natural gas wells. Holding coal for a long time is not a safe bet. Look at this 10 year daily chart of cnx. Way to volatile to hold long. It only shows 8 years because I didn't have room to show all 10. For me reading my charts and indicators has been a very safe and profitable way to make money on coal. But I only swing trade it. 
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