RE: Heading South 1.70-the market speaks!WTN down to 6.16, GCE down to 7.07 and TECK down to 39.94.
Cline is up on the day and 12% higher then where it was a week ago.
WTN,GCE & TECK are all 10 -15% down from where they were a week ago.
i'm not bashing these stocks, i think they are great buys at this level. but dosen't the consolidation and the strength
in Cline's SP tell u something. all the wishing and negative posts from guy's that sold their position out at below $2 isn't going to alter the fundamentals of this stock. there are a lot of people long on this stock that can see 100-200% profit by holding from here.
is there going to be another share issuance in the future? maybe, but i don't think they will cos banks will be dying to lend a company wuth $35-45 mill in the bank and world class met coal assets money.
even if they were going to do another offering, so what!
is 10- 20 mill(23-46 million dollars at today's price) in shares added to the float going to hurt anybody's position. not in my opinion if as we know management can put that towards new elk(approx 300 million ton reserves) or towards getting going on their B.C mine(186 million ton reserve ) .
i take my hat off to anyone that pulls off selling their position and buying back at a lower price.
you will truly have earned your money. but i believe they will be the lucky few.
this stock makes big moves fast. watch out for whiplash!