PCXCQ - Patriot Coal Corporation (old PCX) - Page 15

Hey Rando,we are at all time lows here. As for going long on this,I would not buy this with "your" money.

Dayum.. coal really getting whacked today,

 

PCX    4.34    -0.49    -10.14%
ANR    12.41    -0.75    -5.70%
CNX    32.79    -0.74    -2.21%
ACI    7.98    -0.21    -2.56%
WLT    59.56    -2.03    -3.30%

Was more news released? I figured coal was beat down enough for the year after the warmer winter and EPA emission shennigans.

Well,here is some more not so good news. Will it ever end?

PCX along iwht many coal plays taking a beating

Hello 3's on a hair under 20 million shares.This is nuts. At some point(i am NOT buying),its gotta bounce,right??? 

holy smoke... I hope no one got hurt on this one.

congrats on those who had puts -50%+

PCX looking at debt restructuring options. If you don't know how to play BK rumor bounces, stay the hell away from PCX. This could be at 0.60 later this week for all we know.

http://247wallst.com/2012/05/22/patriot-coals-starts-bloodbath-for-coal-miners-pcx-btu-aci-cnx-anr-jrcc-wlt-cld-kol/

cute little 75-80% bounce off lows, didn't see more news but there must be something about rumors being false or a deal coming through. Short covering unleashed a huge move up, which must have triggered the breakers because my 1m chart has been stuck for a while now.

WTF!! HAPPENED!!

ALMOST 50 OFF HOLLYYY

i cannot find anything on this guy

Patriot Coal Says Refinancing Efforts Continuing
51 minutes ago - Dow Jones News

DOW JONES NEWSWIRES

Patriot Coal Corp. (PCX) said its refinancing plans are continuing and confirmed it is working with private-equity firm Blackstone Group LP (BX) on the effort.
The short statement came after a sharp and sudden selloff of Patriot's shares following a Debtwire report on the company's alleged plans to restructure.
Late Monday, Debtwire, citing unnamed sources, reported Patriot was fielding pitches from restructuring advisers in the event the company can't satisfy its near-term financing needs. Debtwire said Blackstone and Centerview Partners LLC were involved and law firm Davis Polk & Wardwell LLP was organizing the talks on Patriot's behalf.
Patriot said earlier this month it entered into a commitment letter for a new revolving credit facility and new term loan facility for $625 million from three lenders: Citigroup Inc. (C), Barclays PLC (BCS, BARC.LN) and Natixis (NTXFY, KN.FR).
"Patriot Coal Corp. is continuing to work with these lenders to strengthen its finances, including the replacement of its current credit facilities well before certain of its debt obligations become due in March 2013," the company said.
It confirmed it is working with Davis Polk, its long-time counsel, and Blackstone "to achieve an optimal financing package," it said.
Following the Debtwire report, shares shed more than 50% of their value, but have now bounced back somewhat, triggering two single-stock circuit breakers as the stock recouped some losses in the wake of Patriot's statement. Shares were down 29% at $2.38 in Tuesday afternoon trading. The stock is down 72% so far this year.
The company last week lowered its sales volume outlook for metallurgical coal for the rest of the year, citing the potential default of a key customer. Two ratings firms soon after downgraded the company's credit ratings.

agree for now...
hmmm takeover...merger...
just throwing that out there

$1.36 for the low yesterday???!!! Unbelievable. I think I heard somewhere on the news that this is down 90% (or more)for the year. Out of curioosity,is ANYONE playing ANY of the COAL stocks at all?

CURRENT ACTIVITY: PCX: $2.04 -0.17 (7.77%) 1:36PM EDT - Nasdaq Real Time Price

 

IM ABOUT TO JUMP IN @ 2.03..wish me luck ! 

- 14%

WOW

short term..calls look nonexistent...

new low

WOW!!!!WOW!!!!

 

anyone follow this guy?

 

looks like we see penny soon