Peabody Energy Corp (BTU)
A private-sector coal company which conducts its business through four principal operating segments: Western U.S. Mining, Eastern U.S. Mining, Australian Mining, and Trading and Brokerage.
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Obama states he would like to bankrupt the coal industry. and with the cap and trade not seeing good times for the US coal industry
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buy at $19
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solid investment out of favor this period
affected by oil inventories
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I see a down tread. Just looking at the graph I see it approaching a norm.
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Could not help but notice some negative divergences in the Stochastics, the RSI and the On Balance Volume using the MSN charts. July 2nd, 2008 this stock came down hard on huge volume. The dividend is trivial for such a relatively high priced, large cap stock. Nothing says overheated market like a 50 PE Ratio...
The materials sector has taken quite a hit lately. Check it out using the $DJUSBM, also the IYM (ETF). Peabody is a 3.9 percent component of the iym...
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would short to low 50s
and then start buying
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Now that the Chinese stock market is in tune again with New York and that it is going down, oil and metals won't be able to keep moving higher.
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With oil prices heading down, coal is no longer going to be an attractive alternative.
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oil prices going down, electricity usage goes down in winter

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