Wednesday, June 18, 2008

Can't beat em? ~ International Coal Group, Inc. (Public, NYSE:ICO) & James River Coal Company (Public, NASDAQ:JRCC)

Today we broke down and bought COAL!

JRCC 59.30+4.76 (8.73%)

ICO 13.28 +1.09 (8.94%)

BOTD Options Activity: ICOGC = ICOGoCoal!

Coal for x-mas? try ICOLC ... big volume.

p.s. yes, we are extremely late to this trade, sure we called coal in January adding BTU, saying CHINA and INDIA love COAL! ... but we got out way too soon ... now we chase. not the best idea. who's coming with us?

p.s.s. we're still short YZC , ...death to china coal ...and hey, now its a nice hedge. go team!

p.s.s.s. SQMazing !!! up 6.13% vs. BG down 2.35%

4 comments:

SuperMario said...

Great job guys! keep it up!!

Let's make some money ;)

BuddyD said...

Did you guys buy on an anonymous tip yesterday in reference to JRCC...? - Feeling good about that if you did!

BUY ON THE DIP said...

we've been wanting JRCC for the last 40% ... sucks watching a stock you want go up 6% daily. had to get in sometime, and todays rally was our opportunity.

..... more on the SHORT side:

COFUK hits $14.50

FUCK ORCL

DIE BG

URBN = crap

Anonymous said...

check FDG with a 11% div yield.