Anyone else building a thesis on Japan? The disconnect between GDP growth + production enhancements and valuations can't stay forever. Plus, as you could probably guess, I love that they finally raised the interest target to a pro-growth level.
Time to spend those bennies you old as Japanese hoarders.
Originally Posted by billyshelby
Netflix has been on fire for me lately...I think its still a good buy but definitely risky. It's more volatile than Corbin's starting line-up.
Ya Netflix getting that Disney deal was pretty big. DirectTV has been killing Netflix with how quickly they get the movies out.
BYU 1984 National Champs.
Went long Walter Energy(WLT) today. Buyout chatter. I don't usually buy that stuff, but this thing is a horrible stock earnings wise so they have little chance to do anything other than sell out and has been getting rocked over the past 5 quarters and hasn't been propped up by any previous chatter, and only jumped 6% today so I thought.... what the hell....I haven't bought anything to hold in awhile anyway. I'm in at 33 flat on this baby, we'll see where it's at in 6 months.
Why is the price so volatile compared to other miners? The met?
Wish I could get behind coal. Looked back into it before the imminent Obama victory was crushing them but couldn't get comfortable. Too many variables involved..
Yeah, probably just coal prices being all over the place and being dependent upon whatever China says one day to the next.
Seems pretty standard across the whole industry,
And those L.P.'s don't count because they are barely traded. I'm probably going to drop the stock in a few days if I can get somebody to write my calls that I want. I need June calls - that's the bet I want to make.
The reason I asked was running a chart over Arch and BTU (stocks I've followed with varying levels of interest going back to 2007). There's another catalyst in WLT other than simply coal/China volatility. Met coal goes for a lot more than power coal, which is why I guessed it was the reason for the volatility. I.e. BTU was pushing Australian met reserves a few years back as a growth driver hinged to China. The other obvious option with miners is reserve discovery info., especially with a relatively small company like Walter. They looked N. American so no currency issues...
Something was going on with that chart. You don't go 300% higher than the standard bearer (BTU) without a reason. Could be a hidden upside driver in that buyout chatter.
Where's the 300% higher number coming from?
5 year chart. WLT looks like a mountain range while the others look like a valley.
It's too bad coal is dead in America. These things would be incredibly cheap if nat gas wasn't killing the clean coal concept. The green crowd would rather build all these new "carbon neutral" wood fired power plants than a much cleaner coal plant. Laughable, isn't it?
So you agree that the green crowd are a joke as well?
I thought you loved the U.N., and all their efforts to tax our non-existing carbon footprint?
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." - Thomas Jefferson
Do any of you guys know where I could find a daily archive of individual stock charts? Like if I want to see the chart for BAC on Jan 6. of 2011, I could pull it up and see what it was trading at minute by minute? Or maybe even just spreadsheet values day-by-day. Something like this:
http://finance.yahoo.com/q/hp?s=BAC&...e=6&f=2011&g=d
but I would need it to have entries for every 10 minutes or so within that day instead just open(7:30), closing(2:00), high(indefinable), low(indefinable).
I want to go back over all my trades from the past two years or so and plot out what would've happened if I sold at 7:40 or 10:00 or 12:00 or whatever timeframe every day instead of the 1:50 that I normally do. That last hour is totally manipulated now by false rumors from governments about patching up whatever country is on the brink these days or the PPT e-minis and I want to completely avoid that going further. So I'm going to adjust to whatever else has worked the best in the past. I might just have start charting every day myself going forward if I can't find anything.
I'm still not seeing it, certainly nothing close to 300% deviation from the standard. But I am admittedly not a master of the occultic craft of charting as that's not what I trade by so there could be some ooga booga mysticism in there that I'm missing. But to me it looks like it was a bit more supercharged than BTU when coal was going to the upside and also a bit more supercharged to the downside, which is explainable simply by the beta I posted previously -- 1.8 over a significant period of time compared to 1.4 is substantial.
But it doesn't really matter, your point about the quality of coal certainly factors into why it would be a more suitable buyout stock than some of the others in the industry.
WLT went from 13 to 142 when BTU went from 18 to 68 and ACI 12 to 34. What's to miss?
No to your chart question.
Haha...as usual...me and you aren't even talking about the same things. I was just looking at day in-day out volatility because I knew you couldn't possibly be talking about market cap or price. I thought you were claiming that WLT was running a 6 beta for 5 years when BTU was a 2 or something. That's where I thought you were going with the 300% thing. Good thing we're not married.
That would be interesting to know the whole story though without having to wade through hours upon hours of message board posts/financial statements, etc. for companies I don't really care about. They were killing earnings at that time and showing growth though. Even at that 140 peak, they were only around 13 P/E which isn't too high if you think something is going to keep growing and they had just merged with another company. ACI looks like they dumped stock and might have made some poor merger decisions during the crisis so it's not a surprise that they didn't rebound as well due to the structural changes. WLT doesn't look like it ever dumped stock, spun off a part of its business that was an earnings drag, and didn't have merger until Dec of '10. That probably helps...but clearly isn't the whole story. Regardless, it probably will never touch that 140's area again. $55 was the buyout rumor that I was seeing. I'm just confident in the fact that they'll be bought out above $33 even if it falls a bit, no more, less. $55 would be great though.
Mo, I noticed this in your sig:
Are you a penny stock trader?
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