James River Coal Up 1,436% Since August [View article]
Marol,
You seem to be in a drunken Kool-Aid frame of mind. JRCC has been jumped on by momo traders, driven by the rapid rise in CAPP spot prices. They may be able to make a profit, but they still have plenty of debt and operational difficulties. They were almost left for dead just six months ago. Pirate Capital, a hedge fund that owned quite a large stake, sold off their holdings when the stock was in the single digits (oh, the pain of whoever made that decision at the fund.. wow!).
Personally I would place some stops, even that may not help you come the next earnings release, unless you placed a stop market order.
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Marol,
Jun 27 13:48 pm
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All Comments by tirereviews »James River Coal Up 1,436% Since August [View article]
You seem to be in a drunken Kool-Aid frame of mind. JRCC has been jumped on by momo traders, driven by the rapid rise in CAPP spot prices. They may be able to make a profit, but they still have plenty of debt and operational difficulties. They were almost left for dead just six months ago. Pirate Capital, a hedge fund that owned quite a large stake, sold off their holdings when the stock was in the single digits (oh, the pain of whoever made that decision at the fund.. wow!).
Personally I would place some stops, even that may not help you come the next earnings release, unless you placed a stop market order.