As you know by now, “The Fly” left the comforts of his fully powered, food packed pantry, home in the Princeton area of NJ for a coal mine. There is much work to be done inside the mine, long of ANR (no Gartman)– but I am just the man to do it.
ANR is posting earnings tomorrow. Either way, it’s a win win. Should ANR disappoint and the stock plunge, I will become the biggest buyer of coal this world has ever known or seen. If it goes up, yet again, I will buy more.
It’s very simple.
The laws of supply and demand dictate coal will trade higher. Look at BTU’s quarter for evidence of this suspicion.
When King Romney gets elected, I will have my coal liquidity event. Should Obama win, I will buy more coal on the dip, also very simple and concise.
Thank you very much.