Before the boards were reset, for some unknown reason, we discussed buying Walter Energy, a producer of metallurgical coal, which is used for manufacture of steel, at around $4.50 and selling it when it got into the mid-$6.50 area. It has since dropped down to a price of $2.90 as of $12:58 today. It's again a speculative buy here, especially at an option-like price, without the expiration that occurs with an option.
A turnaround has to come sometime. It might take until after obama gets out of office, which is surely a widely anticipated and very positive event, even for the quiet liberals who have been silenced by obama, not through the usual force that liberals use to silence people, but by the dolt's complete incompetence ("we don't have a plan yet!").
Back to Walter Energy, it's an excellent speculation right here.
A turnaround has to come sometime. It might take until after obama gets out of office, which is surely a widely anticipated and very positive event, even for the quiet liberals who have been silenced by obama, not through the usual force that liberals use to silence people, but by the dolt's complete incompetence ("we don't have a plan yet!").
Back to Walter Energy, it's an excellent speculation right here.