Yes well, can you put your 10 bag calls in CAPITAL letters for emphasis please. I like those one's!
I've been avoiding spec's this year, have lost interest completely, not that I had a lot in the first place but I reviewed a lot of things from reading the XSO thread last year. I thought your BTU was another spec, didn't pay much attention. There is a BTU Bathurst Resources now moved to NZ as BRL. Is that the one? I assume coal. I notice your Peabody call and I assume that's Peabody Energy listed NYSE with also code BTU.
Now that does look like my sort of thing, with options as well. I would have loved to have been on that for a coal recovery. Haven't set up broker accounts for the US yet but that one might have motivated me to do it. I can buy the international shares but not options I think through my Commsec accounts. They've had a run but it looks tiny in context of the chart. Is that the $15 you refer to?. Are they pure coal or multiple resources. Massive drop from its high, you sure they're solvent and not raising capital?.
Anyway that was an excellent commentary in the XSO today. I'm warming to coal for a trade for a few months if they're starting to attract some attention. Market risk still a bit high right now and I'm back in cash and short positions today.
New Hope Coal NHC chart is interesting as well. Not yet but close, one to watch. I think that's the coal stock that Soul Pattison is invested in. Coal looks like an area of research for me now anyway.
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