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CoalCorp Mining Inc > Message
Jigger

Oil and coal down this week

Posted by: Jigger on July 18, 2008 09:13AM

With oil prices moving jaggedly in trading, sending the price of a barrel of crude to a three-week low at the nadir of the commodity’s decline Tuesday, shares of several coal companies have followed suit.

stocks have been trading a record levels recently, but have been subject to the occasional downdraft, as investors opt to lock in some profits in names that have been big winners in 2008.

Expect things to pick up once the profits are taken....after that we should see an interesting fall

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