Coal Continues to Get Crushed

Has anyone been trading the coal stocks?  What a ride it has been to the downside.  Since our call of a top on the coal sector, many of these issues have dropped nearly 50% from their highs.  There has been an all out selling spree from that vertical top that was put in nearly 2 and a half months ago.  As long as oil continues to sell off, coal will be under pressure.  For those of you who remain short from our call in early July, it is a good time to take some profits on a portion, if not all of your shares.  One cannot argue with the size of these gains.  ANR is down almost 50% while JRCC is down over 50%.  It appears that the Chinese were artificially putting demand into this market in anticipation of the olympics.  In either case, we have huge gains in this sector, let's not get too greedy here.  I am covering all coal shorts tomorrow.