JRCC-Buy

Bought JRCC at $48, based on my belief if it broke $47.50 it would run for awhile.  It is up huge for the year, but you can’t deny the strength in this stock right…big up moves, strong volume, and strong industry fundamentals.  Coal is as hot as energy source right, especially when some of the biggest producers are running at full capacity.  JRCC also one of the few that didn’t hedge position, so they are selling coal at spot market prices…which have skyrocketed.

I’ll put a stop alert in at $40.40 which seems to be a brief level of support, but won’t sell unless there is heavy volume associated with a sell off.  Line in the sand is $38.50…here goes!