Post by
bond46 on Jul 11, 2012 12:51pm
re: WTN all over again
If you recall at the hight of the crisis in 2008-09 the price of WTN and GCE went from around $8 to 55cents. And the speed of the drop was elevator like. You don't have time to think. All coal stocks of this category are very volatile. That is why even when they are profitable their P/E ratio ranges between 5-7 reflecting the poor quality of the investment, coal, and also the volatility of the sector. With WTN and GCE, I sold at the bottom and lived t o regret it later. Despite the problems at CMK I will take my chances this time and stay in. Don't need the money for the kid's milk. Besides the stake is too big to liquidate. So I'm not selling, Probably I will add positions during the tax selling season in Nov., Dec.
Comment by
ckstar83 on Jul 11, 2012 12:54pm
please shut up bond46, you posts are contradicting, you just had a post saying this company is horrible, now your saying you will buy more, NOBODY CARES ur a complete idiot!!!!!!!!!
Comment by
shane117 on Jul 11, 2012 1:03pm
Bond, WTN and GCE in 2008-2009 were both producing alot coal with contracts and had lots of cash on hand. This is not the same situation. Not at all!