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$2.12 -0.26 (-10.92%)
12/4/2008 4:02 PM

International Coal Group, Inc. (ICO)

CAPS Rating:
*****

The Company is a producer of coal in Northern and Central Appalachia with a range of mid to high Btu, low to medium sulfur steam and metallurgical coal.

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Avatar squirrelyguy (63.65) Submitted: 7/03/08 5:38 PM : Outperform Start Price: $10.55 ICO Score: -47.17

I bought this stock on Monday. On Wednesday and Thursday it bled all over the place. My stop-market sell order actually kicked in right after the market opened today because it had fallen so much. Guess what? I went right out and bought it again. Here's why.

There was no substantial reason for coal stocks to fall this much at the start of the quarter. The same factors that caused them to skyrocket over the 2nd quarter are still in place right now. Institutions that rode the coal wave this past quarter are cashing in all at once. This is a hot stock that just went on sale and I'm sticking with it.

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Avatar DCMonty25 (< 20) Submitted: 7/07/08 10:38 AM

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Agreed. All of the commmodities had a HUGE pullback to end last week, without negative news to drive it. I feel like a contestant on Supermarket Spree right now, scrambling to buy up the cheap names like X, MEA, ICO, etc. that were bludgeoned last week...

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