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HoldThatWinner (33.33)

Patriot Coal (PCX): Bounce you Booger, Bounce

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6

September 01, 2010 – Comments (4) | RELATED TICKERS: PCXCQ , ACI , MEE.DL

Hello all. I thought I'd give this a try (I'm a newbie here, so please have a little patience). So I think PCX is overdue for a major gap up. Why? Well a few reasons. First of all, the short interest in the stock is approximately 14%. Any bigtime news would cause a quick short fry squeeze on the stock. Secondly, today Patriot settled the selenium lawsuit which has hung over the stock like a black cloud over the past few weeks. They were reprimanded, however, they should be able to look forward in compliance with the rules and regulations set forth. It's always a good thing to get things over with and to look forward to new beginnings. To add, the stock is just about at its 52 week lows set almost one year ago. (Wow, alot of people tried to catch this knife all the way down, but I'm thinking now is the time that the knife thrower becomes tired). Oh, and that Hurricane thingy on the east coast could cause a spike in electrical demand tomorrow-just a guess. Last but not least, I put two bowls of cat food out 3 days ago. I labeled both of these bowls. The first bowl labeled 'Buy PCX', and the second bowl I labeled 'Don't buy PCX'. The cat went for the 'BUY PCX' Bowl immidiately.

 

Disclosure: Long PCX at 10.34

4 Comments – Post Your Own

#1) On September 02, 2010 at 10:43 AM, SweetMircha (90.45) wrote:

Love the caption. Cute. Enjoyed the rant for a 1st Blog. Keep goin.

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#2) On September 02, 2010 at 12:24 PM, HoldThatWinner (33.33) wrote:

Thank you for the kind words. Wishing the CAPS Fools the best! :)

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#3) On September 07, 2010 at 11:13 AM, NEMnyWtch (< 20) wrote:

Please tell me you put the same food in both bowls!!  Love the cat food test - I will have to try this at home.

I hold a large chunk of this stock, which I have built as it has fallen.  Hold fast. There should be some grade A metallergic news forthcoming.  For the long term, I think this stock has huge potential.

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#4) On September 08, 2010 at 4:28 PM, HoldThatWinner (33.33) wrote:

Yes, the same food was used, lol. The cat is extremely good. She is so good that I typically rely on her when I need a winner.

Not sure what her record is, but it's pretty incredible.

(I think I've only tried the cat test maybe 8 or 9 times so far, but I plan on using it as my ace in the hole in CAPS). Lookout Top Fools, here comes the CAT lol :)

Regardless, I agree with your assessment in that PCX has tremendous potential in the long term.

Thanks for your response!

 

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