Lurking on such a quiet board hasn't been a lot of fun; 'specially since I haven't owned any BTU stock in the past 11 years.But I'm interested in Energy, and now coaL It has seemed to me that at levels of recent energy prices liquefaction might be about to create more demand for coal.But then an interesting thing happened to coal last week.http://stockcharts.com/charts/candleglance.php?NCOC,YZC,BTU,...I stumbled onto this when reviewing some predictions made in late May by Mike Paulenoff. He said that the set-up was in for a run up in the ETF KOL in fact up to 58. This afternoon I checked; he was right. Moreover it went to 60, then gradually tailed off to 58. Then last Wednesday and Thursday (2008-07-02 and the next day KOL fell to 49.That seemed to surpass DRAMATIC, so I began to try to find what happened in a variety of coal companies. Pretty much the same..... except for WTU.This post was started because of my surprise upon learning of the great drop-off in Coal prices last week, and by my hope that someone here was not so surprised and might share a little enlightenment.tia,matsonpp: re: WTU, Broad Band Band Wagon, and missing friends.==================================you might want to skip this part -- 11 lines of text.WTU used to be Williams Coal Seam Gas Trust, AND I owned some for five years before I learned about the famous Mr.Trenchrat's Broadband Bandwagon in 1999. After several name changes, and some participant changes -- sure miss Bruce Brown's factpacked posts---- that was back when he seemed so sure of the analytic methods espoused by the FOOLS IN CHARGE. - he subsequently studied up and learned a bunch (I believe with dbPhoenix) about technical analysis -- The old BroadBandBandWagon is now the It Is What It Is Board, http://boards.fool.com/Messages.asp?mid=26737721&bid=113032and technician, chartist anaylsis prevails there.Sorry for the detour---- back to WTU. I was surprised to find WTU listed at all because 15 years ago I understood it was to be closed in 2003; maybe the Trust got closed I don't know, but here is some info I'll study later --- http://www.wtu-williamscoalseamgastrust.com/=====================================
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra