Coal Stocks Finished Parabolic Move

It is our opinion that todays action in the coal sector has finished their bull run for some time and a NASTY down move is now underway.  It could collapse here.  There is no shortage of coal and the markets speculation made these stocks parabolic.  Chinese demand in anticipation of the olympics could have had alot to do with the spike.  Additionally, the oil mania has rallied coal stocks as coal is considered a cheaper alternative to oil.  Many of these stocks rallied nearly 300% in 2 months time.  The faster they move up, the faster and sharper the drop will be.

Let's review a couple of the big movers today. 

Tread Carefully if you are a longer term holder of stocks in this sector.