Seeking Alpha
  • Justin M. Hall
    2/29/12 10P ET: [Lengthy Bottoming Process] Coal stocks remain ignored. So, I initiated a new position in PCXCQ.OB today. See also BTU, KOL, JRCCQ
    2/29/12
    Reply (18)
    • Justin M. Hall: After Mitt Romney's wins in AZ and MI on Tuesday, 2/28/12, I'm more confident the anti-Coal Obama admin. can be defeated in November 2012.
      2/29/12
    • REIT: im with you on coal i hold ANR and BTU writing covered calls for income 10% downside protection will buy more if they drop 15%
      2/29/12
    • REIT: indirect bet on natural gas to go up
      2/29/12
    • 458402: Jrcc...seriously could it get cheaper
      2/29/12
    • Justin M. Hall: Yep, I'm with you on both plays REIT. Like you, I own both Coal and Natural Gas plays, UNG and the aforementioned PCXCQ.OB.
      2/29/12
    • Justin M. Hall: Long-term, I believe both Coal and Natural Gas will prove to be smart bets.
      2/29/12
    • REIT: if natural gas price move up automatically coal prices will follow so no need to take two positions in both coal and natural gas .same bet
      3/1/12
    • Justin M. Hall: Agree. I own a longer-term position in UNG and a shorter-term position in PCXCQ.OB. There is a method to the madness.
      3/1/12
    • Justin M. Hall: But you 're right. Many things are certainly more correlated than in the past.
      3/1/12
    • REIT: soon they will find away to restrict the supply of natural gas free unlimited cheap energy is not acceptable to many,natural gas will go up
      3/1/12
    • REIT: but need time for prices to turn up and you have to collect income from selling covered calls premium is good... not worth going long calls
      3/1/12
    • Tom Guttenberger: Nat gas really raining on the parade JRCCQ tried to throw for the sector. They are doing ok, but ACI position is costing me at the moment.
      3/1/12
    • Tom Guttenberger: It really does boggle my mind the underperformance in both...eventually they must get the memo!
      3/1/12
    • Justin M. Hall: No worries Tom. They will - eventually. :-)
      3/1/12
    • jmartz101: I inititiated a new position in BTU but bought it a tad to early man that thing sunk today I'm hoping for a turnaround soon.
      3/2/12
    • Justin M. Hall: JMartz, I would give it time. If you're in a hurry, you'll likely be disappointed.
      3/5/12
    • jmartz101: Thanks for the feedback so are you saying hold? cause i bought a ton of it at 33 on Friday so I took a beating today.
      3/5/12
    • Justin M. Hall: In this update, I indicated that I initiated a new position in PCXCQ.OB. My position is hedged by other positions. I plan to stick with it.
      3/5/12