More importantly at the time of purchase of Blackwater and Daunia (purchase of the decade at the time) the price of coking coal was $350USD. How is it such a great purchase TODAY if the return on investment has effectively halved in a year? Hmmm, something to think about if you are currently long term. This is my reasoning about WHC right now is a long term stock and you will not make money LONG. The only way to make money on WHC right now in my opinion is at least one of 4 ways.
- Day(s), week(s) for the short term up trends - short sell at the appropriate times (posters should know when) - dividend strip but you will need to wait likely weeks up to about a month for the stock to go to your previous buy price. Need to pick the right time before buying for the dividend to shorten the period to get to your original buy price. - Take a break, be disciplined, no emotion, don't need to look at the stock everyday when you are long. There is no purpose.
For @hagetaka The world is transitioning to coal right? I don't think so, it is sharing with renewables and is likely to be like that for a long time.
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