20 Jun 08
Originally posted by slappy115Don't feel too bad. Deciding when to sell ain't easy.
Mine was buying shares of JRCC (James River Coal Company) at $3.96 and selling it for under $7.00. It is currently at $58+ a share.
😠😞:'(
I'm just looking at a profile of JRCC. Negative earnings? Is that some kind of turnaround play?
20 Jun 08
Originally posted by slappy115It looks like it lost about $4 per share last year, estimates are for it to earn about $4 per share next year. Looks like it's more of a bet on coal prices next year. That could be dicey - if coal prices weaken from expectations, JRCC could tumble from where it is now.
I don't know. All I know was if I would have kept it, it would have paid for my wedding and more.
I also noticed that all of the insider transactions are sales - no insider buying. From just skimming the data, it looks pretty pricey right now - not much value in it. Yeah, you missed a lot of the run, but at least you made money on it. You could have done worse.
20 Jun 08
Originally posted by Mad RookThat is true. It just bothers me when I thinnk about it.
It looks like it lost about $4 per share last year, estimates are for it to earn about $4 per share next year. Looks like it's more of a bet on coal prices next year. That could be dicey - if coal prices weaken from expectations, JRCC could tumble from where it is now.
I also noticed that all of the insider transactions are sales - no insider buying. Fro ...[text shortened]... eah, you missed a lot of the run, but at least you made money on it. You could have done worse.