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Tuesday, February 10, 2009

Closed Coal

I closed out my position in Peabody Energy Corp (BTU) yesterday at $30.44 for a 31% gain in just over two weeks. My thought process was to sell on a nice move upwards, which I believe was in part to the ongoing stimulus plan discussions and President Obama's speech. I'm still keeping an eye out for the final stimulus plan, which is coming, but what will it look like in the end?

I want to know more about these 4 million jobs created/saved that President Obama addressed in his speech. This will help provide a blueprint for future investments.

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