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To: Selectric II who wrote (1739)1/26/2024 10:00:08 PM
From: Rarebird  Respond to of 2027
 
It will be more than a little dip. The advances/declines in the stock have taken the form of a leading diagonal.. It can fall quite a bit. Look at the other advances/declines on the chart. They are quite impulsive. I'm not saying the coming decline is a given, but it is likely. It is all a question of probabilities and it does not look good. A miss on EPS and revenue on Monday and the stock can easily fall 10% and trigger a major decline. I had a target of $24 for ARLP. Investing/trading is a matter of risk/reward and I don't like the odds here.

As I said previously, if am wrong, I'll be happy with my 16% profits over a few months.

I own over 50 stocks and it is a cold hearted business. I don't get overly attached to any stock. All I care about is the profit/loss.

For your sake, I hope I am wrong.



To: Selectric II who wrote (1739)1/29/2024 10:30:47 AM
From: Rarebird  Read Replies (1) | Respond to of 2027
 
ARLP is a value trap. Its earnings and revenues missed by a very wide margin.

With that being said, the stock is a very good swing trading vehicle on the upside and downside.

The chart told the whole story and forecasted the huge miss in earnings and revenue.

The dividend provides somewhat of a cushion as long as the company can maintain it.