whc, page-10

WHC could and should still go higher: WHC closed at it's high yesterday in an upswing, it is still cheap and 70% off it's Apr 2012 high, MC is in the bag, LNP govt in favour of coal, RET etc. possibly being cut, WHC is one of the few takeover opportunities in coal and their product is relatively less polluting than other sources. However I don't see anyone buying coal companies atm - the opposite in fact they have been trying to divest; and with coal prices low and not expected to boom in future there are still new mines being planned; China has just started curtailing coal and they have shown they do things in a bigger way and often quicker than one would expect, NSW I think will still develop csg when it realises how dumb the current stance is. I thought I would never buy coal again after going well with CEY. I bought and sold WHC and sold out yesterday at a 9.2% cash profit.