Just let hope that I am wrong with my earlier chart suggesting $2.80 because it look like that CEY start to stabilised at well above $3 during the last several days of mayhem, while other coal stocks are still being hammered.
Coal spot price is now heading downward relative to contract price and many news articles are starting to predicting that thermal coal demand may exceed coking coal, thus will all benefit CEY going forward.
Under current crazy and irrational market where hedge funds are forced to sell when clients want their money back or people are forced to sell due to leveraging, just hope that retail and fellow HC don't add to the mayhem as CEY growth potential is still in tact and may even gain better reputation when other coal stocks are being hammered more than CEY
CEY Price at posting:
$3.16 Sentiment: LT Buy Disclosure: Held
