ACI - Arch Coal, daily
ANR - Alpha Natural Resources, daily
PCX - Patriot Coal, daily
Summary
The above 3 companies are a fine example of the horror that is already out there. Many are down 75, even 90% from their 2008 peaks. If the main market does weaken to around sp'1150/00 across the coming summer, the coal sector is sure to lose another 25-40%. Stocks such as Patriot, Arch, and Alpha Natural', they might all be in the penny share category of sub $5.00 within 3-6 months.
For the doomsters out there who believe serious underlying economic problems are again rising to the surface, I guess some might say... 'Talk about the Canary in the Coal mine...'
