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.
Custom Search
Showing posts with label btu. Show all posts
Showing posts with label btu. Show all posts
Tuesday, February 10, 2009
Wednesday, January 21, 2009
Doubled Up
Tuesday, January 20, 2009
Time for Coal?
Yesterday a co-worker and I discussed the Obama plan and he is looking to make a play on the inauguration and Obama build out by investing in some coal and energy. His research has led him towards Peabody Energy Corp (BTU), Arch Coal Inc (ACI), Cliffs Natural Resources Inc (CLF), and CEMEX S.A.B de C.V. (CX).
Another option would be to invest in an ETF such as Market Vectors Coal ETF (KOL). Some concerns going forward with this play is its large foreign exposure into China and the lower volume, so it may be hard to trade this actively.
Another option would be to invest in an ETF such as Market Vectors Coal ETF (KOL). Some concerns going forward with this play is its large foreign exposure into China and the lower volume, so it may be hard to trade this actively.
Subscribe to:
Posts (Atom)