Patriot Coal (PCX) is up $1.65 to $16.35, a new 52-week high, and options action is heating up as well. 9,450 calls and 2,040 puts traded. Most of the action is in the Jan 2010s (14s, 15s, and 16s). No news on the stock, but there must be some reason for the relative strength in the shares. The Market Vector Coal Fund (KOL) is up 64 cents to $36.18.
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Patriot Coal Corporation (PCX) $16.45 +11.90%
Posted on December 23rd, 2009 2:20 pm
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9 users commented on " Patriot Coal Corporation (PCX) $16.45 +11.90% "
Follow-up comment rss or Leave a TrackbackFunny thing i was short PCX in 08 from $100.
Weird Fred.
Anyway, Merry Holidays.
A Happy one to your loved ones.
I’m done trading $UKX calls for the time being, honestly? someone else is tradin da puts……but …..WOW…..nice performance for commodes today. I’m still long my $ACI & $GDXJ Calls myself. Here is hoping the USA isn’t takin the “gas” off.
What does this company do anyway?
Like ship coal to China or something?
lol, honestly I can’t remember myself if they are a partner, but I remember they were spun-off, just can’t remember who spun them off. I’ll get back atcha.
doh, nevermind, #1 by market cap: $BTU
http://www.peabodyenergy.com/Investors/FAQs-Patriot1.asp
more info on http://www.wikipedia.com btw
just search for Patriot Coal or the ticker
must be a democrat in office or something
hmph
http://www.finviz.com/quote.ashx?t=PCX
12% SHORT float
looks like positioning
Found something maybe:
Comments from Brazilian mining giant Vale SA were helping the material sector. President Roger Agnelli told a Brazilian news agency there may be a shortage of high-quality iron ore in 2010, adding, “If it’s needed and there’s a shortage, then you have to pay.” He also said China and Asia would be the drivers to demand, while the U.S. would remain behind.
http://www.finviz.com/screener.ashx?v=111&f=ind_industrialmetalsminerals&o=pe
7 PE, weird, trying to figure it out
thanks, Rainman. looks like 3647 contracts of new open interest after yesterday’s action.
Happy Holidays!