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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (28332)1/24/2008 3:40:31 PM
From: carranza2  Read Replies (1) | Respond to of 219720
 
Don't understand that trade since the crack spreads are too low and are definitely bound to rise, but each to his own.

I thought about this and didn't act on it---BTU, Peabody Coal.

The Australian rains are screwing up Aussie production for months into the future, yet the demand for coal continues unabated. It got creamed on the recent wholesale slaughter of commodities. The good, the bad and the ugly alike suffered, but BTU should not have been punished.

The market seems to have recognzied this and gave it a nice boost today. Still well off 52 week highs. Since you appaear to be a short term trader, you may wish to consider this black gold which is becoming increasingly valuable. It should get a nice pop up in the next few days.