I bought this one Friday as a swing trade, not as a Long Term Buy and Hold. Not really sure what this business is all about, other than selling coking coal to Chinese steel manufacturers, but I again bought the chart, not the Fundamental Analysis . . . which I can learn more about later.This one I'm using a $30.50 stop/loss on at the moment. If it continues to work out, I'll be raising the stop/loss quickly to breakeven (as I did with NFLX today).The daily chart moved me to buy early, real early for a swing trade. Note that the stock busted out of its downtrendlie:Daily Chart:http://stockcharts.com/h-sc/ui?s=WLT&p=D&st=2012-07-...I'm not as confident in this weekly chart as we are not yet busted out of, or near to busting out of, the downtrendline drawn on the top of the chart. Still, the whole coal sector has had two false runs in the past five months, looking as though the bull was back. This time, the sector looks as though it has legs, and Walter Industries has fallen from such a mighty height, this feels like it could soon be a easy double from here.If this starts working out for me, I'll actually loosen the stop/loss once I reach a breakeven notch on a trendline and support line. http://stockcharts.com/h-sc/ui?s=WLT&p=W&st=2010-12-...
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