Peabody, Arch Coal and the Soros effect.

[BobbyMac]

Any of you guys play the market?

George Soros is making some people rich over the last 2 days of trading. Peabody Coal is up 45% and Arch is up 91%.

Anybody love the delicious scent of hypocrisy lingering in the air?

 

[RDU Irish]

It is an interesting story. Bond prices for Peabody haven't budged much so could be a flash in the pan.

 

[BobbyMac]

It is an interesting story. Bond prices for Peabody haven't budged much so could be a flash in the pan.

The power of Facebook. Every conservative site was blasting (well deserved) memes about Soros buying 1.5M combined shares of the two companies on Monday. Everybody I know jumped in Tuesday morning. The irony associated with this money grab is thick.

 

[RDU Irish]

Work in coal or daytrading? I wouldn't touch that sector with a ten foot pole after Alpha filed BK, race to the bottom.

 

[RDU Irish]

Those 1.5 million shares might have cost him $2 million. Pretty much a drop in the bucket. Peabody was over $70/share in 2011. If he sees any better than a 70/1 chance of a dramatic recovery in the price of coal he might be compelled to make that bet. If he were really investing in the industry, I would think buying Peabody debt at 25 cents on the dollar would be a pretty good way to go.

 

[BGIF]

Any of you guys play the market?

George Soros is making some people rich over the last 2 days of trading. Peabody Coal is up 45% and Arch is up 91%.

Anybody love the delicious scent of hypocrisy lingering in the air?

Hypocrisy? Soros?

Soros is buying up coal to save the earth. He's going to lock it down to help President Obama and the power plants meet the new air quality/carbon goals. The man is pure of heart. Altruism at its finest.

 

[BobbyMac]

Neither really. My family is from coal country and I did stay at a Holiday Inn Express. I'm gonna stash some free shares for the future. I just haven't figured out yet if Soros is betting against it with REAL money on the back end. These two companies would sure be nice to pick up at auction to enjoy a profit rally during the next administration.

 

[BobbyMac]

6 more cents and it's go time on Arch. Drinks on me in 3...2...

 

[BobbyMac]

So did any of you guys retire yet? Arch up a buck today again. Peabody a nice 7% gain so far in the session.

I figured this would be the golden opportunity for our well educated liberals to become a junior capitalist and follow Lord Soros into the land of prosperity. No?

I don't throw bones out like this to just any fanbase guys.

 

[Irish#1]

Neither really. My family is from coal country and I did stay at a Holiday Inn Express. I'm gonna stash some free shares for the future. I just haven't figured out yet if Soros is betting against it with REAL money on the back end. These two companies would sure be nice to pick up at auction to enjoy a profit rally during the next administration.

Duggar?