Wednesday, September 21, 2011

Coal stocks tumbling after Walter Energy warns...

Keep an eye on Market Vectors Coal ETF (KOL) following weak guidance from Walter Energy (WLT) (-10.7% premarket) and Alpha Natural Resources (ANR) (-11.2% premarket). WLT is a pure-play met coal producer, and ANR cited soft met coal shipments to Asia amid a surprising dip in customer activity.

I tell you...it's just not worth playing with these commodity stocks!!!

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