Familyfella
Long

BTU, Short Term Drop then Long

NYSE:BTU   PEABODY ENERGY CORP
8 0 1
Symmetry at its finest. We are almost to the cent matching the drop level in 2008.
I will buy a long term call and anticipate a target level at $15.82 given the strong area of resistance there.
There should be some more dropping here (to around $1.20) before the symmetry is exact.

"Here at Strickland, we sell propane and propane accessories" Hank Hill            

Have a great trading week!

Ray
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