PCX, daily
Summary
The horror continues for PCX. I shorted this last July at the grand level of $24. The basis then was that it was a loss making coal company....one year later...nothing has changed.
I think eventually it'll be a fun speculative buy for me, but only at sp'1100, and then maybe PCX will be around $2, or even in the mid 1s. As it is, there is nothing enticing right now about this dirty coal company.
