tag:blogger.com,1999:blog-2335748440449035592.post8030899887268625926..comments2008-07-02T12:20:28.624-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2335748440449035592.post-54728452572701500902008-07-02T12:20:00.000-04:002008-07-02T12:20:00.000-04:00thanks<BR/><BR/>they need to find a reason to sell the sector so they will. Same thing happens to fertilizers every 5-7 weeks although they usually focus on input costs since the prices rarely go down.<BR/><BR/>I am hoping for more "such stories" so these stocks can drop another 25% ;)<BR/>Maybe you can write a bad mouth piece on the blog, get it on Seeking Alpha and drop the prices for me? hah.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-39624706822014024572008-07-02T12:16:00.000-04:002008-07-02T12:16:00.000-04:00found some info after all.<BR/><BR/>few possible explanations for the move: 1) chatter that coal delivery for next year in Europe will be down 13%; 2) talk of hedge fund selling to cover margins & redemptions. Additionally, Reuters South Africa reported that coal physical and swaps prices plunged by more than $20 on Wednesday as the market began a long-awaited correction. At least one physical coal cargo has traded almost $20 lower than prices indicated on Tuesday and bids have pulled back by over $20 from Tuesday’s levels for South African cargoes FOB Richards Bay and multi-origin coal delivered into Europe. Richards Bay cargoes traded close to $180 early in the week but bids had pulled back to $150 by early afternoon<BR/>Wednesday.<BR/><BR/>in the end, doesn't really matter either way given the fundamentals behind the whole thing.. due for a pullback anyways. but, if you're interested, there's the rationale behind the move it appears.J. (marketfolly)http://www.blogger.com/profile/07691612544809256786noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-6252988398725296782008-07-02T10:56:00.000-04:002008-07-02T10:56:00.000-04:00I always tell these people the "news" is your stock is up 100% in 3 months.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-63702611837377866802008-07-02T10:44:00.000-04:002008-07-02T10:44:00.000-04:00right on right on. what's funny is i don't really see a catalyst ya know? can't find any news. i love how these massive moves just kind of come out of nowhere and for no reason haha. that's when people really start to panic is when they see it down 10% on no news. oh well, can thank them for the gift laterJ. (marketfolly)http://www.blogger.com/profile/07691612544809256786noreply@blogger.com