Massive Jump For Coal Stock Massey Energy
See article from July 14th: Buy the Other Disaster Stock
According to Brean Murray:
Sussman wrote that "the regulatory pressures are largely priced into the stock, so that the risk-reward balance is now favoring investors who own the stock." In addition, Massey should benefit from its leading position in producing Central Appalachian coal. Its value for each ton of reserves is around $1.40, compared with an average of $1.90 for similar companies, he wrote.
Stock is in the process from breaking out. Needs to clear $34 but it has already broken above the 200ema making further upside very likely.