Coal is a huge buy PCX KOL

Quote from stock_trad3r:

the best stock picker ever...

I knew coal would be a huge buy because China, India, Russia, and Brazil need coal because oil is too expensive. Also those countries don't have have the same stringent environmental standards as the USA so they can pollute with impunity.
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Pride goeth before a fall. I remember back when I though I was the greatest. Right before a four month losing streak that nearly wiped out my account.
 
The fundamentals are real. The global demand is real. Coal could easily run for another couple years, so theres plenty of money to be made going long. CSCO rallied for a decade before topping out.
 
Yeah, I made 65 pts. on FDG...32 on SSL

I'm scaling back oil stock exposure, cuz the ETFs have lifted the whole sector already...

LNG and coal to LNG are good secondary plays...still some value out there, and if micro econ 101 is any indicator, coal and NG should become compelling substitutes....China is still ~80% coal powered, and the time to create a coal plant is a lot faster than a nuclear one. If I was a centrally planned economy, I'd be ramping up my coal reserves, even if as a precaution.

Also, coal to LNG technology will become way more appealing to developing economies, and unlike ethanol crap, it already scales....
 
Coal stocks are still not getting the coverage by the media that they should be getting considering their moves. When I updated my own diary last night I had Metal/Mining as the leading sector yesterday, and coal stocks as the leading stocks. However, most of the press covered oil as yesterday's leader.
 
^^^^^ - Just popped in to ask the same thing. It's a slaughter out there. I'm within a whisker of being stopped out on ICO.
 
Right now all I see is that Massey is fighting a suit in court that if it loses, insurance will not cover the loss. They are being sued for pollution, and that makes me wonder if other coal companies are exposed as well.
 
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