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I don't know what effect the Presidental candidates will have on coal stocks. I read somewhere McCain and Obama (assuming he officially becomes the democrat leader) are against coal and more for clean energy so maybe any comments they make will cause a short term blip since the demand is not just in the US.
May 30 12:52 pm
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All Comments by lhuppcap »Coal is the Next Fertilizer [View article]
No doubt coal stocks have had a great run. I think they can still run. The only problem I have is they have gone up alot in such a short period. GCE and WTN in Canada are 9x and 4x baggers since mid January. ANR and WLT are triples since mid January. Like any mania there has to be a short term correction ie. profit taking. I just don't want to get in and see these stocks go down 30%. I rather buy them down 30%. I have been burned too many times buying high. Of course I thought GCE in March was high after having tripled in 2 months and since March it has tripled again. But I have to believe GCE won't triple or even double again until it has a correction. It just seems too crazy now to buy into these stocks in the short term.