on a day where miners r smashed cey 2.38pct, page-2

In the immediate outlook, the only threat is the oil price ie if it take a tumble, so will coal spot price & people will then panic (due to current fear that is gripping the market) and sell out of CEY (CEY will be sold off last due to it being the strongest among the coal players)

Regarding up or down, it could be either way (will need to monitor oil), but the momentum is apparently still the same (ie up) and the support/resistance pretty much the same as my last posting. Will know more of the direction when all these noise subsides (however, if I am to put a bet would be 60:40 for up).

On the long term (fundamental): NSW's power is mostly coal based and the population is also growing at the highest growth rate (see ABS stat) thus only will lead to more coal buying from CEY. In addition, AUD is predicted to be around 0.75 cents, and the management will definitely accelerate their export program and the low AUD will add directly to the bottom line without costing the company a cent.

Last check, China has 11 days worth of thermal coal stock and if they stop importing coal tomorrow, the whole country will be burning candles in two weeks!