I lost money trading CLD in the past at IPO, Yep, didn't have Tradingview then to check the ranges i was trading, but this new EPA ruling makes me think the bottom is priced in for coal stocks. People will think this is good news, and decide to buy, or dollar average to this price based on this news if they held before.
www.marketwatch.com/...tural-gas-2015-06-29
My theory, coal has fallen for a reason, people just don't like dirty fuel if alternative like wind and solar is available at a fair price. Prices did decline because demand dropped off here in the states, but did increase over seas because it was the cheapest, thus helped support this industry. Eventually everyone will realise the cost of delivery for coal is too expensive, not to mention the additional cost for healthcare and environmental damage is to excessive. For short term, i can see this thing move back up to its equilibrium, but have a feeling this will be stuck in a trading range, $ 14.00 max. Based on this, there is some good money to be made here.
www.marketwatch.com/...tural-gas-2015-06-29
My theory, coal has fallen for a reason, people just don't like dirty fuel if alternative like wind and solar is available at a fair price. Prices did decline because demand dropped off here in the states, but did increase over seas because it was the cheapest, thus helped support this industry. Eventually everyone will realise the cost of delivery for coal is too expensive, not to mention the additional cost for healthcare and environmental damage is to excessive. For short term, i can see this thing move back up to its equilibrium, but have a feeling this will be stuck in a trading range, $ 14.00 max. Based on this, there is some good money to be made here.
