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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (65402)	6/23/2005 5:43:52 PM
From: Slagle	Read Replies (2) \| Respond to of 74559

energyplay Re: "FDG" Fording just announced Q2 2005 dividend of 2.80. RBC Capital forecasts a Q3 distribution of 6.30 and rising dividends through 2007due to "locked in" contracts for their coking coal and some sort of change in the trust structure which is apparently a done deal. They have a price target of $150 on the stock. So far it falls back above $100. What do you think. Its hard to get good info on these Canadians. Slagle

To: energyplay who wrote (65402)	6/23/2005 5:51:41 PM
From: shades	Respond to of 74559

FDG sells metalurgical coal which is used in making steel. Met coal is price much higher than steam coal. If there is a steel glut, both prices and volume could drop, bringing FDG down to a better price. Energy I appreciate the research and insight, but I really want to try and play it the WIZ and Phil's way - and they say all that shit is NOISE and fundamentals are worthless and who am I to argue with INC. magazines man of the year and a former nasdaq market maker? So if they sell cow maneur I don't see how that helps me read a chart? I used to spend a lot of time researching that noise too - it didn't make me rich. Note that the Baltic Dry Index has been dropping a bit, but is still high. I am sorry Energy, I know this probably works for you, but according to phil and the wiz keeping up with baltic dry indexes is a total waste of my time, looking at the FDG chart should tell me all I need to know - whether buyers are going to drive the share price up or not. The FDG chart looks like it will go flat or down. the RSI is trending up - it broke the 50MA on increasing volume and the MACD is trending up - now I thought Mr. Phil Grande teaches these are all good signs - you disagree - why? You can get a similar yield in some utilities, like HE, Ok using phils teaching HE's RSI has already peaked, the MACD seems to be turning down but it did break through the 200MA and has good buying volume so I would think Phil would like this one. Hawaiian Electric, or a little lower in Duke Power, DUK. Duke is above the 50MA but it seems to be going up on light volume - so according to phils the crooks would be spiking it and it has peaked. Using phils teaching VGENX seems to have peaked - maybe I need to move into short term bonds or treasuries. I will hold off until I am convinced phil and the wiz are full of it or no - hehe.