might wanna look at the analysts earnings estimates from last night. or from the last 2 weeks. estimates for 2011 went from $10.50 to $11.80!!! i know wlt is overbought on charts, but with estimates jumping up that much i believe it still has alot of room to run.
booyah still running...could be getting toppy now with earnings coming out...been on my coal watch/platlist from quite some time now...coal sector as a whole up very nicely over past 6-8 months...sure its dirty but money in it is still green lol
Anglo American (AAL.L) gained 2.4 percent. The global miner is interested in U.S. company Walter Energy (WLT.N), and said to be weighing an offer of $120 per share, the Times reported. BHP Billiton (BLT.L), up 1.6 percent was also said to be interested in Walter.
Only at 83 right now in premarket so im guessing investors dont believe that the $120 offer is going to come.
i like this one for a bottom bounce play. multiple bottom coming up around 60.
good catch...55-60 looks ripe...keep in mind that its has made lower highs after coming off that level each time tho so it is a bearish pattern...but playable if supp holds again
since the start of 2011 coal has been the worst out of all the sh*t i follow. I'm also looking to get in sub 60 but i think averaging in is very important in this space.