SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : YEEHAW CANDIDATES
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Galirayo who wrote (14507)1/13/2006 9:10:26 PM
From: John Metcalf  Read Replies (2) of 23958
 
Thanks, Ray. It's just about to the 50dma. If the rebound carries through, would that make a bullish cup-and-handle?

And thanks Sergio. Yup, the shares started down about the time of the 20mm share sale, and not after the disaster (1/3/06). The link you pointed to says that the proceeds of the offering will make ICO the only debt-free coal company. Of course, that may have been the plan at the time....

I'm thinking that the whole down move should retrace, as the disaster investigations disclose that the company is upgrading safety and has the capital to make good on commitments. Electric generation contracts are renewing at higher levels, thanks to China's support of the world coal price, and an ever-cheaper dollar which will allow China to continue to buy coal painlessly. As primitive as this industry seems, half of US electricity still comes from burning coal.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News