It's Not Too Late to Buy Coal - Jeffrey Lin

Sign Up | Log In | What is SocialPicks?

It's Not Too Late to Buy Coal
Jun 06, 2008 09:51 AM UTC

Jeffrey Lin

Return	Risk
-27.42%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
BUCY		06/06/08	-32.87%	--
PCX		06/06/08	-90.31%	--

Via Long Investment Ideas from Seeking Alpha:

While crude oil prices has been spasming (trying to find a
direction) the last few days after hitting an all time high last week,
coal continues to march ahead. globalCOAL’s NEWC weekly index reports
coal trading at $138.35/tonne for the week of May 23 versus $134.85 the
week before. The record high was $139.16 back on February 15th.

Problems on both the supply and demand sides continue to support higher coal prices:

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.