Coal is a huge buy PCX KOL

Quote from aresky:

What's happening with coal stocks today?
More...

Its called profit taking, then closely followed by selling for fear of losing more profits because of the original profit taking, then margin call covering by people who bought in late and are getting killed.

Fear, fear, fear, no bigger driver of the market.
 
Actually, that street.com article did mention the environmental risks to coal stocks.

But I don't really see any problems here, it really does look like nothing more than profit taking. All of the charts look very over-extended too. I think I may buy this dip. I just need to get away from my screen here for a little while to clear my head. Off to the gym, BBL
 
VALUATIONS

"The global coal story remains strong," Calyon said in a note to clients. "Based on the number of coal plants currently under construction worldwide, we expect more than 1 billion tons of incremental coal demand over the next five years."

As a result, Calyon raised its target price on Arch Coal (ACI) to $100 from $71, on Foundation Coal to $119 from $74, and on Peabody to $115 from $88.


http://www.tradingmarkets.com/.site/news/Stock News/1715710/
 
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