MASSEY ENERGY CO(NYSE: MEE)
ARCH COAL INC(NYSE: ACI)
CONS ENERGY INC(NYSE: CNX)
Original Analysis Below.
Profits of 12-15% + have been achieved since I posted to short these coal stocks. At these levels it is prudent to take the postion off. If you still feel they have more downside, then only stay short 25% of the original postion and cover the rest if you get a 5%+ more downside.
Overall the short swing worked and you have to respect it, take it, and now watch for the buy signals, or something different to emerge from them.
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