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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.
 
Duck Rodgers said:
Where's the 300% higher number coming from?
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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?
 
franklin said:
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?
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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?
 
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.
 
Dipped my toes into EWJ today. Wanted DXJ for the currency hedge but it's even longer in the tooth. I think it's finally time to buy Japan; talk to me in 10 years.
 
franklin said:
Dipped my toes into EWJ today. Wanted DXJ for the currency hedge but it's even longer in the tooth. I think it's finally time to buy Japan; talk to me in 10 years.
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I think Japan is going to outperfom China in spades in the coming decade. . .. simply because it is the dominant competitor to an unwelcome new big bully in East Asia/Pacific Rim. Look for Japan once again. . . .like the run-up to WWII, enjoying strong relations with south Asian countries like Viet Nam, Thailand, Indonesia, the Philippines and Taiwan. Oh, yeah, they won't have Manchuria this time, but South Korea and Australia will be looking for stronger, and this time voluntary relations. Few people realize that China can never dominate the region on the basis of nationalism or cultural dominance, or military strength. The outlying bordering nations have the same population, and better management. And more freedom.

The fact remains that all these countries have large Chinese populations who don't like the communist bully. And they will be impossible to dominate by central planners. . . .
 
Pretty messed up in my view, but considering the problems they've had for decades, it almost seems justified to try anything really if they aren't going to restructure completely.

On another note, WLT ended up taking a big juicy coal dump. Good thing it went up 15-20% two or three days after I made that trade like I thought it would and I was able to get out and go with the Call buys strategy. So now when I have to eat those calls at least it's coming from a portion of the profits from that trade and not other money I had.
 
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