What A day! Friday, September 9, 2005

Hey Ladies and Gents,

What can I say about today, besides pure bliss on one end and pure pandemonium on the other end. There are always two sides on everything: coins, stories, roads, paper money, and even the stock market. So what did good today and what didn't? Well thats what we are about to find out, so hang on a for a minute or two.

Remember when I said, out of all the coal stocks, I like Consol Energy (CNX) the best? Well I never regretted it. CNX's CEO, Brett Harvey must've had a nice speech at the Lehman Brothers Energy/Power Conference because the shares shot up to a new 52wk high of 74.44! Now thats what I am talking about! I recommended CNX when it had its big dip down to 64/65 bucks! This was over a week ago, and I hope that somebody took my recommendation and made some money because the stock has already gone up close to $10 since I highlighted it. CNX has already surpassed my first target of $70 and it is close to my 2nd Target of $75. I believe that if CNX continues to deliver, it can hit my third target of $78.25. I do think that the stock will run into massive resistance near the 79/80 dollar range.

Consol Energy (CNX) 1 month chart Consol Energy (CNX) 1 month w/ dip




















Fording Canadian Coal Trust (FDG) also performed very well today. Of course there was no split on September 6th, because the news source that posted that info (I'm not gonna naming and blameing) was in ERROR! The 3 for 1 split will go thru as planned, but on this coming Monday, September 12, 2005! For now, the stock has hit a new 52wk hi of 132.44! I hope somebody bought at least 25 shares or more to take advantage of this great performing stock.

Fording Canadian Coal Trust (FDG) 1 month chart, highlighting buy point (B/P)

You just gotta love the way the stock is performing! I hope that the price after the split will attract new investors to help lift up the price even more. So I'm wondering about the new price...maybe $65-66? Note Oops, I calculated it like a 2 for 1 split, lol.









Massey Energy (MEE) is also one of my favorites. The only problem with MEE is that the company has issued a press release, warning that 3Q results will not be as great as hoped for, because of railroad issues regarding the transportation of coal. Although this will certainly hinder the stocks performance, you should still HOLD until close to the 3Q results date (I will try to find out what date exactly and then post it) and then sell right before the 3Q results. Then afterwards when the news is released and the stock takes a dip (or a dive) you can rebuy it at a great price and have no more worries! Simple as that!

Massey Energy (MEE) 1 month chart with B/P highlighted














Peabody Energy (BTU) has also been on fire as well! with a 52wk high 74.27, there is no stopping this coal producing power house. BTU is also up AH to 74.75. There is no news out as to why the stock is up, only rumors and speculation. I recommended this stock when it was in the high 69, to low 70 range. Now it has come up and stayed at 74.05. BTU is very close to hitting my 1st target of $76. Note: it already did, and then some!

Peabody Energy (BTU) 3 month chart, highlighting $70 buy point.
















Even Arch Coal (ACI) is benefitting from his beautiful coal spike. I highlighted ACI in the high $61 to low $62 range. The stock has hit a new 52 wk high this past Friday (9/9) of 65.33. ACI closed at 65.14, which is not bad at all!

Arch Coal (ACI) 3 month Chart with $61 dollar B/P. There is some support at 62 dollar range













I know I highlighted some construction companies as well. Lets see how they faired. I highlighted Sterling Construction (STV) as a buy, but only if the price dropped significantly. Lets see how STV has done. On 9/9, STV had dropped as low as 23.50. I believe that was a good time to buy 50-100 shares (tops). That way, if and when it dips even further (because it just might before it goes up again) you can buy another 50-100 shares for your porfolio. My first target for STV is 25.05. 2nd target is 28.24. NOTE: I did recommend STV at the high 22 dollar range for who ever was interested. Those that didn't wait and bought, were rewarded as the stock hit a new 52wk high of 28.34. Those that didn't buy still have a chance to buy again.

Sterling Construction (STV) 1 month chart, highlighting top off and slight drop to 24 dollar range.

Also note the nice increase in volume as stock started rocketing upwards and then the lower volume as the stock dropped. This indicates that there WASN'T a big sell off. This is good as it indicates that insiders and investors believe there is more in store for STV.









Another stock in the construction sector that I have highlighted and discretley recommneded, was CMCO. CMCO has recently hit a new high of 21.39. I remember I mentioned this stock on September 1st. when it was trading at 19.50. The stock is currently at 20.72. I would wait for the price to come down a little more if you haven't bought in already. Once it comes down a little, buy some.




Joy Global has also been on fire since I mentioned it. JOYG has been climbing because it makes equipment for coal companies so they can mine the coal out. I first mentioned JOYG at 45 and since then it has hit a high of 51.01. JOYG currently is resting in the 49 dollar region.