David White: Both ACI and PCX are up nicely today. Both have high short interest. Many other coals with low short interest are down. HFT effect??
Mon, Jan 11, 2010
David White: ACI has about 10% short interest. Worse fundamentals than BTU. I am beginning to think some of these ratings have more to do with HFT effect
Mon, Jan 11, 2010
David White: MS upgraded ACI today, so analysts are not suddenly negative on coal. BTU seems likely to recover from Howard Weil downgrade.