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LastBattle
Apr 1, 2016 9:10 AM

Possible floor in Peabody here Long

Peabody Energy CorporationNYSE

Description

First entry on possible floor at 2.34, with a wide stop near $1.99.
(but I'd just let it run without any stops, swings are rather large at this point, and there's a huge chance that you might be stop hunted )

Normalized volume (price * volume) is pretty much dying up. Yes I know the fundamentals are absolute garbage but there'll be some retrace eventually as a result of shorts.
64% of floating shares are short? Really? LOL
shortsqueeze.com/?symbol=BTU&submit=Short+Quote�

It is worth a try, but only on what you can afford to lose.

Trade closed manually

Goxxed :D Looks like BTU went chapter 11...
Sold at a little loss via BTUQ
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