The chart is starting to look like it could have a good rally from these levels. CMF is starting to improve and the stock is certainly oversold. The coal industry looks poised for positive action going forward.
Could HILLSBOROUGH RESOURCES LTD become a "10-bagger" someday from here??
I don't hold any coal stocks. This one and several others I checked tonight are pretty pricey for a cheap dude like me. Hlb.to has some near term issues that are a little scarey. They mention that the steel mills panicked and overordered metallurgic coal. They have more than they need and want the mine to deliver at the agreed upon price but delay shipment into next year. This kind of talk is not going to excite many investors. I read the same comment in other coal stocks. This means some coal miners are going to have decreased production and sales or increasing inventory and decreased sales for the next two qtrs and maybe beyond???
I am not a coal expert and the long term looks good but short term seems a bit scarey. Bobwins