Breadnight

Massey Energy Posts Big Number But Big Charge Too

Trader Mark is right about coal, it is a 2009 story. Everyone who comments here speaks about oil. I don't see the connection b/w oil and coal. - You cannot replace one with the other (unless you're running a steam locomotive!)

Once oil bottoms, go long coal, and bet the house. What a lot of people are missing however, is that US coal is rarely related to coal demand in China -which is THE story.

If you want to play in the coal sector, pick companies with diverse asset bases in Australia and Indonesia -thats where China will be getting the extra coal.

Once the fundamentals begin to matter again, and hedge funds incorporate a less sporadic strategy, coal will be a big winner.