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Patriot Coal Corporation PCX



NYSE:PCX - Post by User

Comment by Libertygon Jul 05, 2012 10:12am
249 Views
Post# 20084081

RE: RE: RE: RE: RE: RE: RE: RE: pcx

RE: RE: RE: RE: RE: RE: RE: RE: pcx

FWIW, i started buying at 2.26 all the way down to 1.26 my last purchase. I average 1.69 cost. Today trimmed out 1/3 on this strong bounce off the bottom to bring cost far lower now. This could have more upside on this bounce but be wary of another back fill first once this bounce is exhausted. Good to cover yourself when you see these gifts presented.

I would look at 2.81 to as high as almost 4.00 as good areas to trim a little more if it gets that far on this move. If we break strongly through the 4.00 number and hold for a few days we could be seeing the reversal out of this and a new trend beginning. I would suspect this may take a couple months at least yet before were out of the woods.

Don't be disheartened if we back fill soon first.

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