I deployed 5% of my cash position, buying up shares of ETP for $60.15. This raises ETP back to a full 10% position on my book.
Why shouldn’t I? ETP is a winner. It’s going on a stealth September run, when everyone is afraid.
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whats with the BTU hit?
I see the downgrade….coal is hated so much right now. This has to be when the long-term hold money can be made
I was wondering that myself.
Personally, I think Goldman’s reputation on making these calls is undeserved. I’ve seen enough of these reports get smoked to shrug this off.
Many coal operations are definitely going to have problems, but I don’t think BTU is one of them.