Jim Letourneau's Blog

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More Canadian Coal

More on coal today. Macleans had a coal article (which made my morning reading list).

Western Canadian Coal just announced a $100 million financing agreement. BIG MONEY - I'd keep my eye on this company. Rather than sell the house and buy coal stocks, you could watch for 2 things before buying, a pullback to the bottom of the trend channel, or a breakout to new highs. Anything is possible but selling near the red line and buying near the green line can keep you out of trouble.

Western Canadian Coal