Seeking Alpha
  • Justin M. Hall
    4/2/12 11P ET: Last Thursday 3/29/12, I identified seven bottoming mining stox: JRCCQ, AVL, CCJ, AAU, CNX, WLT, REE [ continued below ... ]
    4/2/12
    Reply (15)
    • Justin M. Hall: Of the seven listed above, I narrowed the list to three and recommended: JRCCQ, AVL, and REE. On 3/29/12, I picked up REE.
      4/2/12
    • Justin M. Hall: Reference REE's daily chart. Shares have formed a Reverse Head & Shoulders pattern. Last $6.51
      4/2/12
    • Justin M. Hall: Both JRCCQ and AVL have formed bottoming patterns, double & multi-. Last $5.32 & $3.02 respectively.
      4/2/12
    • Justin M. Hall: Take Note: It seems that most are cautious or bearish about investing in the Coal stocks. The tide will turn eventually.
      4/2/12
    • Justin M. Hall: Like those who are overly optimistic, fatalists and the excessively pessimistic are usually wrong, longer-term.
      4/2/12
    • apeterson8809: Did you buy stock or options on REE? (Interest/volume is fairly low, so I was just curious)
      4/3/12
    • Justin M. Hall: I won't disclose details of the positions, but I am predominantly long REE. I like all 3 plays through the fall of 2012 - approx. 6 months.
      4/3/12
    • Justin M. Hall: I hope that helps.
      4/3/12
    • apeterson8809: Have you looked at BTU? That's one I just added to my holdings.
      4/3/12
    • Justin M. Hall: Yep, I've highlighted BTU in the past as well.
      4/4/12
    • wigit5: JRCCQ bottom probably closer to $4... Coal is going to have a bad year
      4/5/12
    • Justin M. Hall: Wigit5: I agree that coal is having a bad year. That said, these stocks will rebound prior to year-end. JRCCQ is already trading < Cash.
      4/5/12
    • wigit5: Yeah, after some producer adjustments... and I feel like India/China haven't realized their full demand for electricity...
      4/5/12
    • wigit5: I mean to say not everyone in China/India has access to reliable electricity... once they do...
      4/5/12
    • Justin M. Hall: Agree Wigit5! We could also potentially see China easy their rates in the coming weeks / months. :-) I'm a bettin' man.
      4/5/12