btmdwlr

Coal Stocks: Where to From Here?

Short term traders/ are looking for the best sector. Metals, coal, energy have been extremely hot and just about the only thing working recently. you know the story, the correction at the top of the bull run when the late-comers get burned believing this sector will continue to bull to new highs. the positions that got in early at lower prices are pulling profits off the table in millions to place their bets elsewhere. I have MTL and added more to my position, f-great earnings and it will get better. I will add again in high $38 range where I think it will have corrected more than enough then expect it to double again because its a good stock with great reserves in a sector thats HOTT until the market stabilizes (2yrs?)