I think 50 and 49.5 will be taken out on the buy side sometime...

I think 50 and 49.5 will be taken out on the buy side sometime today. Other than some forced sellers I'm confident that MTE will bounce over the next week or so regardless of world events.

The value of Metrocoal's in ground coal resource and cash balance is just too cheap. If it stays at these levels or continues to go down over the next month, I think a takeover offer from a foreign entity may be inevitable.

I don't think the Board would accept anything under $1 but I'll take 70 cents in this market otherwise I will wait for better times.