As many of you know Alpha Natural Resources has an agreement to purchase Massey Energy. Massey is one of our biggest coal holdings. I believe bulls win bears win but pigs go broke. We could probably wait and get a little more for our shares, but I am selling mine at the first opportunity. The deal from Alpha is worth $69 per share. We started buying MEE at $16. I think its time to sell. Reco: Sell MEE at first available opportunity and close position. Good trading.
Disclaimer
No comments:
Post a Comment