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Gold/Mining/Energy : Coal -- Ignore unavailable to you. Want to Upgrade?


To: Selectric II who wrote (1742)1/30/2024 6:39:01 AM
From: Rarebird  Respond to of 2027
 
The chart told me when to exit.

The chart will tell me when to reenter.

I do take fundamentals very seriously.

ARLP is a good company.

But coal is not such a great business.

If it was, West Virginia would not be the poorest State of the Fifty.



To: Selectric II who wrote (1742)2/6/2024 8:14:44 PM
From: Rarebird1 Recommendation

Recommended By
Selectric II

  Respond to of 2027
 
I have always viewed ARLP as a defensive asset for the portfolio..

I would not even consider going long ARLP again until the Slow Stochastics trades below 20.

My major concern with ARLP was that it topped out intermediate term at $22.80 back in October 2023 while the broad market bottomed out.

There are a strong of lower highs since then.

You have to be careful with very high paying dividend stocks that pay their dividends on a quarterly basis.

I say this because many in the financial markets will dump their stock after the ex-dividend date.

They rarely do this on monthly dividend payers, but they often do this on quarterly payers.

I never received a dividend from ARLP.

I sell before the ex-dividend date.

I originally had a target of $24 for ARLP.

I will let you know if/when I get back in.

There is more downside to come.

schrts.co



To: Selectric II who wrote (1742)2/9/2024 3:31:43 PM
From: Rarebird1 Recommendation

Recommended By
Selectric II

  Read Replies (1) | Respond to of 2027
 
Here is the bottom line in regard to ARLP:

Must hold above the December low.

If so, I will get back in and ride the stock to $40.

If not, I will remain out.

schrts.co



To: Selectric II who wrote (1742)3/7/2024 11:13:45 AM
From: Rarebird1 Recommendation

Recommended By
Selectric II

  Respond to of 2027
 
ARLP has bottomed out and should continue to rally.

But BTU has the better fundamentals and is the better swing trade over the next few months.