PCXCQ - Patriot Coal Corporation (old PCX) - Page 2

Looks good Drillindk. Closed @ $5.58 today. 52 week low of $4.92. Close to it's last bottom out. Thanks, will try and pick up some tomorrow.

Could be a bounce here - NRP looks good too.

bounced off the $5 level - oversold

Running nicely

Opnion:

A) Monitor next week, buy on a dip
B) Get in ASAP train leaving the station

I suspect after such a robust day today, but with $120+MM in fees dragging the true earnings down 17% below expectations, that there will be a meaningful dip. Might just put in a few limit buys straddling $5 or a little higher.

That was fast. I guess you have to play the swings, kinda like a penny stock.

wtf is with the sudden surge?

Huge buying was coming in very fast and then stopped. So someone was spending big.

hedge funds >_>

Why has this stock been pounded down so much the last 5 days after reporting good earnings?

commodities are being beat like greasy eggs, oil is slipping downhill like water slides

rode this up last week intraday from 4.05 to 4.65, now it has pulled all the way back to a 3.59 intraday low this morning. This stock was crushed so hard, I've begun scaling back in at 3.77, looking to add more if it pierces that intraday low. Anyone else think 5 is very achievable for this stock in the next few months?

yes

big -$0.91 -21% pullback AH. based on the recent PR about cutting production to try to match sales levels, is it good to buy now and hold, or wait a bit longer through the rough? it seems that $3.00 is about their bottom, and they're just above that right now. will it drop further?

I've gotta hang out here more often. I would have told you yes, and we are obviously hovering there now. Big day tomorrow, with Peabody reporting....we'll see what happens. Would be nice to see that run to 9 like we had in Jan.

If it runs to $9, would you say it would probably hit strong resistance there and retrace about 68% down to $6 and hold at $6 for support, just like before?

yeah, you should. I decided that shortly after googling a bunch of stock forums on google and HSM kept bubbling to the top. Didn't take long reading to decide for myself this is a great place. Have found some of my best picks through here, and confirmed some that I found myself quickly to get in heavier early enough to make extra bank.

As for PCX's near future, it is fun to come back two weeks later and see that a loose two month target price was hit in two weeks. I like playing swingy stocks and this one has had some pretty swingy moves recently. As such, I'll ride my core position and trade swings on a slightly smaller stake, to try and make more than it could offer on a longer hold. Doing the same with LVS.

I'll be watching those earnings, but also checking in on David Einhorn's Greenlight Capital... he sank a lot into PCX last report and it will be good to see if he averaged down on it, stood pat, or backed away. He seems to be a sharp tack... also finished about 16th in the I think 2006 WSOP ME. The guy with the handprint sweatshirt.