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COAL is reaching a ST peak

posted 02/12/08 01:27 AM | Viewed 207 times

I am going to do my best to re-position my portfolio to take advantage of the inflated Coal (Stock) prices. I own puts in FCL & BTU. I am going to try to add some ACI puts tomorrow morning. I expect to see prices readjust for the recent shallow run-up. China has taken control of their inventory issues - uncertainty in the markets - and incredibly shaky technical analysis should bring the sector back to reality. I am looking for a 8-10% retracement over the next 5-10 days.

BTU - $55 to $50

FCL - $56 - to $50

Peace.

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