My ANR is getting hit this morning because of two analyst downgrades. Should I give a shit about what two shmucks have to say? In hindsight, absolutely not. Nevertheless, their opinions are hurting my position today. Earlier this week, Goldman downgraded ACI. The result: ACI is up more than 20% since then. It goes without saying, often times analysts are reactionary asshats, desperate to make a good call. In my opinion, it’s borderline irresponsible to downgrade coal at the time when a new President can lift EPA restrictions, a cold winter may spur demand and European/Asian exports are on the rise. Plus, has anyone taken a look at natural gas lately? It’s not exactly dirt cheap anymore.
I gather the utilities will be restocking their coal supplies shortly.
JIVE caught a downgrade too. I truly don’t know what to say about that one. My patience is wearing thin on that one.
DDD caught and upgrade and everything else I own is treading water.
Yesterday was a great day for me, making more than 3%. Last I checked, I was down about 0.8%, despite a strong market. Nothing makes me feel worse.
So what do I do on days like this?
I turn off the screen and go to a restaurant or occupy myself with a productive task, separate from the market. It’s impossible to micro-manage all the time and not burn out. In order to stay fresh, sometimes it’s important to let things go, fall subject to the whims of nature.
25 Responses to Paralyzed From Winship
This boat is leaking
Are you referring to OSG?
the market is pushing everyone in the toilet ì, to flush in order to restart its bullish trend ( in other words he wants to take out some target down before resuming trend up )
OMG was that video funny!!!!
Do you attribute bad calls by analysts solely to them being reactionary asshats or could there be some manipulation to shake the tree before their firm buys in?
Or vice versa, positive recommendation in order to sell into strength?
With Goldman, that shake the tree thing is always a possibilty.
TDA is down call and get some free trades.
oh boy…do you still have OSG? How low can it go?
Getting bent over today. Ugh…
How did Helicopter Ben Bernanke come in second place for the Nobel Peace Prize?
The man was a lock after QE3.
A few coal mine shots from mongolia. Coal porn I guess http://adventuresincapitalism.com/post/2012/10/12/A-Whole-Lotta-Coal.aspx
That looks like a civilized operation in Mongolia.
Mining in Asia can be nasty for the world’s poorest and youngest.
Child labor in India’s coal mines:
Total hollywood-B movie, creep show. Jesus Christ, why do you post shit like that? I hope they play it again better next time, an acting career isn’t for everyone..
LOAD UP ON JRCC FELLAS
ITS THE STRONGEST COAL FUCKER TODAY
Anyone wanna school me on this one: https://www.google.com/finance?q=PINK:APPL&ei=_GB4ULDYB6bQlgP7dA&client=news cuz I don’t get it, I am serious.
shut up buy JRCC
JRCC is right at resistance You might get a better price here soon Or wait until it moves through it.
Nevermind. I do not want to know afterall.
Oh dear, this is a bad time isn’t it, less than an hour before close. Well, no urgency, just curiousity, whenever you have time..
Did you sell your OSG?
Biden’s dentist goes large.
Fly, do we double down on OSG or abandon ship?