RE: RE: RE: Most Recent Jennings ReportNoone listens to these guys - if anyone did the stock would not be at $2 as their target was $6.50. It looks like to me that Jennings juiced up their target to $6.50 right before the financing to ensure they would participate (and they did) in the underwriting. Either way they missed the financing or "buried" it -
In the new report they up the coal price in their model from 170 to 200 - still below current prices but they pulled out some conservatism from the model to make the $5.50
Is anyone averaging down ? IMHO Its generally a losing strategy given the down trend of the stock - may be better once the trend reverses
Pasta