about to change..

the coal stocks have been oversold. [no surprize, so is the market]
riversdale is now trading with a value of less than 20c per ton for its coal resources. This resource gets bigger every day. The market will have to calm down for a week or so at some stage. This will allow people to work there way through the market and find the better investments. Everything has been chucked out with this market and folk have not had the time or the inclination to sort through the wreckage just yet. The obsession with the short term got us into this mess and best results might be over the longer term imo. Coal is the most important bulk commodity out there. its for steel production and power. its in short supply and new power stations are being built every day around the world. its not hard to understand that panic has hit the markets, but the markets are normally wrong most of the time..yes wrong. its very hard for analysts or the punter to correctly value something when things are moving so quickly. This explains why very few take overs are happening [plus money issues]. How do you value a bid for a company when its raw material is moving up and down 10% a night? look beyond the short term and it gets a lot easier.The markets can't keep going down for ever and even a pessimist would agree that we are closer to the bottom than ever before. there will be another bull market and there will be another bear market after this. dyor and good luck fella's.