If you bought ANR or any coal stock based upon a looser EPA, thanks to a potential Romney win, you must sell coal today. You must sell, not because the share price is doomed and it’s going lower–but because the catalyst for higher share prices is gone with the Romney defeat. This is the crossroads between making it a trade, based on a strong catalyst, and making it a longer term investment based upon stubbornness.
I made a ton of money in ANR over my past two trades, not this one.
I booked the loss this morning, market orders, not giving a fuck about where it was trading–because my initiative has been lost.
Also, I sold out of DECK, as promised, taking advantage of the post earnings dead cat bounce.
31 Responses to I’m No Longer a Coal Man
Coal is an interloper (no Mellon) in Obama’s grand plan (no political talk).
So someone has some cabbage burning a hole in their pocket…
Is a holiday party in order? Top hats and tails for all?
VHC real nice call. The time machine touch screen seems to be properly calibrated.
Yea congrats to you guys on VHC, I just couldn’t stand the binary nature of it and have been in too many IP lawsuits to ever trust the outcomes. But I REALLY REALLY wanted to say congrats To Fly Devil Mr. Chuck and all others involved.
WLT has a 4 month base goin on
with past rumors of someone buying this coal name, its stayin on my radar
bottom line, its doin well technically
Now, will Bernanke stand down anyways as rumored?
$SPY has gone nowhere in 10 days. Just a slow speed computer driven meat grinder.
Here Comes the Boom!
i want my flash crash !!!
(and my flying cars..they promised me flying cars)
Flying cars aren’t economically feasible for companies until government finds a more efficient way of utilizing the airspace, or else chooses to embrace the chaos and accidents that may happen if it’s not regulated. (no political talk)
Selling everything with a good 1 year chart. People with LT gains will be selling that shit before end of the year. Buy back in January if it’s all that good.
Smart move on ANR, especially if the EPA will not issue any licenses for new coal fired plants. In this case diesel engines will have to do the work.
Look at that RGR…
For every $VHC there was a $ESRX
For every $RGR there was a $LMT
Jogging in place, making online brokers rich
Make that jogging on a downhill street in San Francisco
AR-15′s and high capacity mags are on the shopping list, fuck stocks. I’ll come back after the market bleeds out.
Chuck B..The Strong Dollar, Weak Oil Thesis is working.
I would like to see the commodity index at June levels….
Buzzard is up again, ECB, BoE on hold so far, China Govt doesn’t have money truck coming…We should be at June levels..and lower.
Moly (MCP) taking a thumping this morning. Too risky to hold into earnings tomorrow.
I bought the ‘A’ shares mcppa..divy announced
I’ve decided I hate the fucking stock market. I’m not even going to look at it as a stock market anymore. Rather I’m just picking up seashells, on the beach, like a fucking beach bum.
This is the new age of humble noodle.
A beach bum is not entitled to offer anyone advice, ever, and this is my fate.
Fly, fly , fly , I wish you would learn to ask on these matters privately .
My well placed sources are expecting several favorable announcements on coal in the next few days . As you know , my firm was a huge seller of calls the last few days and we just finished repurchasing at oobviously a monster profit .
This sell-off has nada to do with
our elections……..this is Draghi being misunderstood ..
Jeezus , the last few times your
people have called I have been more than gracious .
Buying coal is going to be a wonderful trade .
I despise coal. long live rainbow unicorn power!
Black (no coal) Wednesday… mwahahahahaha
We will dance as the palaces burn
One can no longer be any kind of a man let alone coal. We are emasculated and the Dow in major retrograde must give fond memories to the morons who made vast sums of coinage over the last half decade and credit that to the Supreme Leader. Greetings, supine vassals.
EXK is the new ANR…
How will this affect pipeline stocks. TransCanada is down this morning.