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3/19/13James River Coal Company Day trade chart (Trading with the Average Jay)

I will be out and about today so I set a trade on James River Coal Company (JRCC.) Limit entry at $2.23 in front of the prior demand zone. Profit target will be above at $2.48 in front of the prior supply zone. This is a 25 minute chart. UPDATE 15:10 EST . Trade opened at $2.22 on standing limit order placed at 05:30 this morning. My limit price was bettered by .01. That's a nice change. UPDATE 3/20: Trade closed on stop. As the old song goes "that's what stops are...

3/4/13James River Coal Company (Trading with the Average Jay)

This morning Long trade setup is James River Coal Company (JRCC.) Using the prior demand zone on the 30 minute chart I placed two limit entry orders. Profit target is above at $2.67 using the 5 minute chart supply level. UPDATE: 3/5  Entry limit hit Trade still open. UPDATE: 3/6 Trade still open. UPDATE 3:8 Trade Clsd. +4%   Profitable trade.    I did not hit my profit target. It is Friday, the stock was not moving fast. Flat for the weekend. Looks like she is...

2/21/13JRCC James River Coal (Trading with the Average Jay)

Today's trade is in James River Coal Company (JRCC.) Long at $2.74. Profit target $2.88. UPDATE: Trade clsd 2/22:   Hit profit target. My $2.88 limit order was filled 4/5 of my shares. The last 100 shares that were left profited out on a stop loss order just below the prior 30 min chart low. One thing I did recognized was the high share volume on the $2.87 ASK, that was not going to be broken. I should have scaled the last 100 shares out on the $2.86...

1/12/11Hot Price Jumps at NASDAQ Basic Materials Sector: (HERO, URRE, JRCC, SSRI, PEIX) (Penny Stock DD)

Hercules Offshore, Inc. (NASDAQ:HERO) surged by 4.87% to close at $3.66 with overall traded volume of 3.53 million shares in the last trading day. Its total market capitalization stood at $420.09 million. The share price is highly reactive to market index as its beta value stands at 3.03 times till its last trading session. Uranium [...]

12/21/10NASDAQ Basic Material Sector Major Gainers: (PAAS, EXXI, HERO, JRCC, PEIX) (Penny Stock DD)

Pan American Silver Corp. (USA) (NASDAQ:PAAS) surged by 2.92% and closed at $39.89% whereas overall traded volume stood at 1.20 million shares for the day. Its dividend yield is 0.25%. The company is highly profitable with ROE of 8.23%. Energy XXI (Bermuda) Limited (NASDAQ:EXXI) went up by 28.05% to close at $28.05 with total traded volume [...]

11/4/10James River Coal Earnings Negatively Impacted By Higher Costs (Benzinga)

James River Coal Company's (NASDAQ: JRCC) third quarter earnings were negatively impacted by high costs and reduced tonnage due to regulatory activity. Dahlman Rose continues to remain cautious on near-term thermal markets and is maintaining a Hold rating. James River reported 3Q10 adjusted EBITDA of $34MM versus our estimate and consensus of $42MM and $40MM, respectively. Variance from our estimate can be attributed to higher than expected costs and lower volumes partly offset by better...

10/21/10Puts Purchased on James River Coal Company (JRCC) (Benzinga)

Shares of James River Coal Company (NASDAQ: JRCC) are moving higher this morning by 1.33%, trading at $16.76. The stock has been trading largely sideways over the past six months, hovering around the $17.00 level, as well as the 50-day and 200-day moving averages. Note that the averages are minutely down=trending. Options traders are coming after puts today. A short while ago the June 2011 $12.50 put was purchased 1,000 times, on the offer, on no prior open interest. This signals new...

8/4/09Bookkeping: Closing James River Coal (JRCC) (Fund my Mutual Fund)

We don't have much of this position left - about a 0.4% exposure - but I am closing James River Coal (JRCC) as the stock begins to break down post earnings. Yesterday the company reported, and the Street was not too pleased. I have no affinity to James River other than as a potential takeover play - it was just a "proxy" play for coal and so many of its peers are acting much better so when the stock market drops for more than 2 days.... or 2011 (whichever comes first).... I'll switch into...

7/16/09Bookkeeping: Stopped out of James River Coal (JRCC) Short by JPMorgan Upgrade (Fund my Mutual Fund)

I am sort of laughing today; I've owned James River Coal (JRCC) for a long time [still do with a small position] and when the stock was in the $13 - $14 range no one upgraded it. Now, in the $16s, as I shorted it for the first time ever, JPMorgan decides its time to upgrade. So as I held it for many months, no one in their kind heart decided to bless my soul with an upgrade....but within a week of shorting it... it was time to upgrade. After a 25% move off the bottom in a week, no less. ...

7/14/09Bookkeeping: Cutting 95% of James River Coal (JRCC) Long; Starting Short Position (Fund my Mutual Fund)

I am going to cut 95% of my James River Coal (JRCC) position here as it rallies into resistance along with the rest of 'reflation' nation. The high of the day is $15.76 thus far, I am selling in the $15.40s. This eliminates about 2% of my stake, I am keeping just a holding position so I don't have to announce I am "restarting" a position when the time comes. Concurrently I am going to go short with a about a 3% stake, at the same price - I was not attentive this morning and...

7/6/09More Gaps to Fill (Fund my Mutual Fund)

Back a few weeks ago we posted some names that had "gaps" to fill in their charts [Jun 22: Gaps Filling and To Be Filled?] - James River Coal (JRCC) has filled its gaps, and we also listed Research in Motion (RIMM) and A-Power Energy (APWR) - here are updates on their progress; both of these of course would require a swan dive. I found a few more as I scan charts - some in much more reasonable ranges; frankly there are quite a few out there since we had so many pre market "futures...

6/22/09Gaps Filling and To Be Filled? (Fund my Mutual Fund)

I am a big believer in gaps on charts being filled. It does not have to happen, but just from observing over the years I think this has a 98% success rate. The question is timing; literally gaps can fill in days or years.... or anything in between. I am going to post 3 "gaps" here, one is filling today. 2 are interesting potentials... We sold most of our James River Coal (JRCC) Friday as it had turned back to $18 but below key resistance levels... I said I wanted to buy it on strength...

6/19/09Bookkeeping: Cutting Back James River Coal (JRCC) Pending Chart Resolution (Fund my Mutual Fund)

We had two names on our top holdings list that we reviewed yesterday morning that I was torn on, James River Coal (JRCC) was one. The stock has drifted back up into resistance after breaking through - but it is a hostage to the 'reflation' trade which has been MIA this week. This is the type of set up I like to short since your stop loss is just overhead and if it works against you, you are out with a very small loss, but since every commodity stock trades in monolith the chart won't...

6/4/09Trading Ideas That Paid – JRCC (Capital Essence's Investment Blog- 錢途集團 » Page not found)

Shares of James River Coal (JRCC) outperformed, rose nearly 4% after crude oil futures reach fresh 2009 highs of $69.60 per barrel in Thursday trading. As a matter of fact, you'd be sitting on over 60% gains right now if you've bought the stock immediately followed our April buy signal.

6/3/09Bookkeeping: Adding to Excel Maritime (EXM). James River Coal (JRCC), Atwood Oceanic (ATW) (Fund my Mutual Fund)

Another nice markup to close the day... have to hand it to the magical invisible hand. Not as egregious as last Friday but we'll take it. ************* Over under in how many days the "reflation" trade comes back? 2. EDIT 4:45 PM But let's be clear, this is mostly a smoke and magic trade in commodities - outside of the weak dollar. See this factoid on how weak the US consumer is... the rise in gasoline prices just from low $2s to mid to upper $2s has already done this per report...

5/26/09Bookkeeping: Restarting James River Coal (JRCC) (Fund my Mutual Fund)

James River Coal (JRCC) is smaller than the "headline" coal stocks but is among the cheapest with a very surprising earnings report at the beginning of the month. In one of the worst trades of the year I closed out JRCC from the portfolio March 17th before "reflation" was cool at $11. [Mar 17: Bookkeeping - Closing James River Coal] The chart stunk as the stock was below all key moving averages... (THEN) Now however, the story is completely different as the stock is above all key moving...

3/17/09Bookkeeping: Closing James River Coal (JRCC) & Pondering Copper (Fund my Mutual Fund)

I only had a tiny 0.05% stake in James River Coal (JRCC) remaining (been trading this position actively); this is part of a 4 stock "commodity" portfolio - I am going to close this today and on the next pullback replace "coal" with "copper" as this is the metal traders seem to be smitten with. While JRCC has been an excellent trading stock over the intermediate term its chart sets up as a short, not a long - as opposed to say Freeport McMoran Copper & Gold (FCX). That said, I'd probably...

3/11/09Bookeeping: Cutting James River Coal (JRCC) to Holding Position (Fund my Mutual Fund)

I am cutting almost all James River Coal (JRCC) on a massive bounce from $9 to $12 in just over a week. The stock is quickly approaching the 50 day moving average - on this chart you want to buy on a pullback or on a breakout over $13. It is now in no man's land for me. Going to book profits and run.... (notice a theme??) I'm selling in the $11.60s area and will take it down to 0.1% stake awaiting the markets next move. I'm doing the exact same strategy here that I laid out with Lennar...

11/25/08Bookkeeping: Cutting James River Coal (JRCC) on Bizarre Rally (Fund my Mutual Fund)

I don't know what is going on with this stock; it's movement are of completely random nature of late. It's up 35% today so I'm going to sell most of the position into this rally; taking this down from a 0.9% stake to 0.1%, selling here in the $10.30s. It made a similar huge move last Wednesday out of the blue [Nov 19: Strange Action in James River Coal] I'll put the same speculations I put out there a week ago - either completely random casino action or potential buyout bid. There is some...

11/19/08Strange Action in James River Coal (JRCC) (Fund my Mutual Fund)

Around noon today this stock has taken off like a rocket in a horrible tape... one could speculate either some news is on the way (buyout?) or a hedge fund is being taken out to be shot and had a short James River Coal (JRCC) position outstanding... hmmm.... Or just another random moment of nonsense in this casino. Other coal stocks are down 10%+, James River is up 13%. Volume is average - I only noticed because this is one of the 3 remaining global growth stocks we still own (for trading...

10/30/08Commodities Mini-Rally Gives 28% Boost To James River Coal (JRCC) (Contrarian Profits)

It turned out to be another wild day on Wall Street. The equities market managed to hang on to most of its big gains from yesterday and is now on the cusp of a bullish streak. But even better than the equities market today was the commodities sector. The prices of oil, gold, silver, coal, cocoa, [...]

10/3/08Bookkeeping: Adding to James River Coal (JRCC) (Fund my Mutual Fund)

James River Coal (JRCC) has held $19 in each of the past 5 days and performed much better than the other coal names yesterday which were beaten senseless. I added more this morning (for a trade) over $20. With the 200 day moving average @ $26, I'll be selling a large batch in the $25s. I've made a bunch of purchases in the $20s -$21s range this week. JRCC is now up to a 5.4% stake. Remember to not get excited about any strong commodities movement over the coming days. As I've repeated for...

9/29/08Bookkeeping: Buying more James River Coal (JRCC) and Mosaic (MOS) (Fund my Mutual Fund)

Apparently we are going to return to the stone ages... or at least pre 1840s (or whenever coal became "cool") Or more realistically hedge funds across America are blowing up and blowing out stock at any price. Mosaic has now given back a year of gains. At some point these fertilizer companies are going to take themselves private and/or a Rio Tinto or Vale would be smart to pick them up. We continue to layer in - I can't believe 1 week ago I closed 2 coal positions and sold out 99% of JRCC...

9/26/08Bookkeeping: Adding Fertilizer and Coal (Fund my Mutual Fund)

Continuing to scale in Mosaic (MOS) and James River Coal (JRCC) on weakness In the rally Monday I cut back Potash (POT) and CF Industries (CF) to 0.1% stakes so I'm going to start rebuilding these as they have fallen quite a bit - CF being destroyed to tune of 16% down on downgrade. This is why I scale in, and take profits when given. Mosaic up from 2.6% to 3.4% of portfolio with purchases in the $77s Potash from 0.1% to 1.6% of portfolio in the $146s CF Industries from 0.1% to 1.7% of...

9/24/08Bookkeeping: Beginning to Rebuild James River Coal (JRCC) and Locking in Lennar (LEN) profits (Fund my Mutual Fund)

What a trading environment - you have stocks like Lennar (LEN) up and down 15-20% a day, among quite a few others. Only a place for daytraders - with the rules being changed it appears many traders are simply ending the day in cash afraid of what will change overnight. We have reduced our coal positions from 4 to 1 and kept James River Coal (JRCC) saying we'd use it for the entire group - just like I have Lennar as a proxy for the entire homebuilding group. For many months now there has...

9/22/08Bookkeeping: Cutting James River Coal (JRCC) on Spike (Fund my Mutual Fund)

As I've been stating the past few weeks I'm bullish on commodities now that they are so hated. What I don't know is if the hedge funds are done liquidating. No one does. The other question as of last week is will the printing presses of America finally hit the dollar and cause people to roll back into hard commodities. Logic would dicate so, but logic has been lacking for a long time. Just about every commodity chart looks identical - as we've discussed countless times. Frankly they...

7/5/08When Bubbles Pop (Or Lose A Little Hot Air) (College Analysts)

Stephen Frankola sends: Coal stocks, which I have identified as overheated for a while (but thankfully didn't short), all crashed yesterday as spot prices in Europe were less desirable than expected. Here's a chart of Consol Energy (CNX), a huge coal producer in Appalachia: Here's James River (JRCC), truly a joke - it's a coal company that's [...]

6/24/08大盤按兵不動 (Capital Essence's Investment Blog- 錢途集團 » Page not found)

近期大盤的技術面依然非常疲軟,意味著短期內還有可能進一步下跌。不過,今天聯邦公開市場委員會(FMOC)將召開議息會議,並在週三下午2點15分公佈結果。因此,我們預計大盤很有可能在週三聯儲公告出來前按兵不動,即地量盤整。

6/19/08今明大盤或劇烈震盪 (Capital Essence's Investment Blog- 錢途集團 » Page not found)

通過技術分析我們發現,大盤未來數天仍有下跌的要求。不過,恰如我們在昨天的市場前瞻中提到的,本週五是一個期權到期的“四重魔力日”,因此在近期低點最終失守之前,可能會出現強烈震盪的局面。總之,在週五的行情中大盤可能大幅震盪。

5/19/08大盤上行動能不足 (Capital Essence's Investment Blog- 錢途集團 » Page not found)

在我們看來,大盤八周來的這一輪反彈行情步履已經十分“沉重”。不過,除非出現非常負面的重大利空消息,這一輪熊市反彈行情仍很有可能再堅持一會兒。從長期來看,除非金融股和零售股出現回暖,否則空頭仍佔據著主導權。

5/6/08大盤還有一跌 (Capital Essence's Investment Blog- 錢途集團 » Page not found)

大盤看起來短期內還有一跌,不過只要標普堅守在上週四低點1383點上方,空頭便不會有太大機會。

4/8/08很快將出現大幅回調 (Capital Essence's Investment Blog- 錢途集團 » Page not found)

總的來說,目前大盤的超買局面非常嚴重,很有可能出現大幅回調。不過話又說回來,儘管短期回調似乎可能性非常大,但是只要各大股指堅守在各自50日均線的關鍵支撐上方,多頭便不會陷入嚴重的困境。


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