Post by
hangemhigh4 on Sep 05, 2011 1:45pm
I agree. Where are we going?
This market is crazy. But because im a opptimist I try to see a silver lining somewhere. All I can hope for is that going into the end of 2011 and into 2012, there will be another catalist to push up prices and demand worldwide. With all the crazy weather going on, this is a probable thing as last winter and springs events pushed up prices again. Some say met prices are softning? So what they are still above 250 ton till end of the year. this will keep companies like WLT very profitable for some time. If there is another catilist, I can see contract prices going over $400 this time. Costs continue to rise and as long as there is demand the product will cost more. Funny how M&A's seem to happen when pps is up in companies, not down like now. Its like us, who want to buy something when its hot, not when its not. Its the way things are. I still believe good companies with strong balance sheets will be the ones who pull through all this. Its patience and long term investing that is the key. Its all the days traders who are doing the worring. Day trading can give instant gradification, but can also give huge dissapointment in a down market. I know I've been there. Good luck to all. imo