Bookkeeping: Cutting James River Coal (JRCC) on Bizarre Rally

I don't know what is going on with this stock; it's movement are of completely random nature of late. It's up 35% today so I'm going to sell most of the position into this rally; taking this down from a 0.9% stake to 0.1%, selling here in the $10.30s. It made a similar huge move last Wednesday out of the blue [Nov 19: Strange Action in James River Coal]

I'll put the same speculations I put out there a week ago - either completely random casino action or potential buyout bid. There is some activity in the December call options area along with January $12.50s - this is the 2nd time in two weeks we are seeing this type of activity.

If you bought at the close 3 days ago, you are up over 100%. That's reasonable.

So we had one stock up 50% today and another 35%. Looks like we went to the correct one armed bandit today.

Long James River Coal in fund; no personal position