RE: RE: RE: ANOTHER -4% DAY!! ... yess DC: This is as good a time as any to first apologize to the board for the horribly incorrect call last week, but, most of you know that I've posted disclaimers repeatedly that I am only an amateur here with TA; BUT GETTING BETTER.
The macro market is down 1000 pts.; all coal stocks are seriously down; WLT will end up around $18. JRCC is priced now at LLEN-type pricing.
Although it took an embarrassment, I found later that 1:618 of $2.44 is $1.50. So that is where I am expecting the price to fall and then a healthy uptick.
And remember when we are feeling the most vulnerable, it is usually a sign that we're close to a turnaround. I believe we are and I don't think the UE mines are in jeopardy. I think Dickson has finally got his mojo with all this-and not to forget the fabulous board he now has behind him. (Yang, Peng, Dawani, etc. Excuse my murdering the names. Hard to remember.) .
I do believe all is well.
Sharpei