posted on
May 11, 2011 11:09AM
They are both right. I don't know how much ammo they have left. I see this as a good entry point for any new investors.
It's impossible to say we have hit rock bottom. To be honest the chart looks like a falling knife. But at the same time you have to ask yourself why. Has the coal grown legs... No
I think the down turn in the past few months is a combination on the selling by NI the German investor and the lack off off takes I see as keeping the buyers at bay.
John is working on getting us top dollar for our coal. I EXPECT to have the NR out by the end of the month.