Buy Western Canadian Coal (WTN)

AdamJ · 04-26-2009, 08:41 PM

Obviously a coal company.

Although I like this as a long investment and it should recover early amongst many of the commodity stocks my suggestion at this time is a swing position.

Coking coal contracts are coming in stronger than expect and the larger companies have been gaining on the news.

One key mgm't aspect I like is they focused on mining their higher cost areas to correlate with the increased coal prices. Basing this years costs on those costs would be a mistake as they most likely will switch back to lower cost mining.

Exchange: TSX
Symbol:WTN.TO
Buy Price: Low $0.80s (Preferably in the 70s)
Sell Range: $1.10 to $1.20 (I anticipate a take out of January's high)
Time Frame: It's coming down to the wire and should be within this next week to three weeks out.

AdamJ · 04-29-2009, 11:43 AM

Not to toot my own horn but, TOOT!

April 27th
Open 0.80
High 0.81
Low 0.77
Close 0.78

April 29th
Open 1.00
High 1.45
Low 1.00
Close 1.42

chuckd · 04-29-2009, 11:45 AM

toot toot for you, I still am not set up to buy on your shady, fly by night, Canuck exchange.

AdamJ · 04-29-2009, 11:48 AM

LOL! You're confusing the venture exchange with the main exchange...then again a lot of stocks are penny stocks on there now.

chuckd · 04-29-2009, 12:29 PM

No Adam, I am referring to the TSX, if my brokers dont let me trade it, it cant be any good. So if I ignore it maybe it will go away. I kid I kid lol

sblok · 04-29-2009, 12:32 PM

well what can I say Chuck, you missing some opportunities to make

chuckd · 04-29-2009, 12:42 PM

I know, Im trying to forget.

AdamJ · 04-29-2009, 01:39 PM

We're even as I'm not allowed to trade on the US Exchanges. If I set up a holding company by the fall then I most likely will get everything.

The guy who recommended this to me back in February thinks it will be worth $10 in two years. If the merger with Cambrian goes through and commodities surge like some are predicting it may get there.

AdamJ · 04-30-2009, 09:40 AM

Houston we have double up!

Miles · 04-30-2009, 10:53 AM

Wow very nice Adam. The first 100% swing play on the new board. Wish I had caught this thread yesterday (love my Canadian small caps), but I was away. Rats!

04-26-2009, 08:41 PM	#1
AdamJ UberTrader Join Date: Apr 2009 Location: Waterloo Posts: 227 Favorites: OPC WTN GCE IAE QEC ITX Rep Power: 133 Reputation: 1869	Western Canadian Coal (WTN) Obviously a coal company. Although I like this as a long investment and it should recover early amongst many of the commodity stocks my suggestion at this time is a swing position. Coking coal contracts are coming in stronger than expect and the larger companies have been gaining on the news. One key mgm't aspect I like is they focused on mining their higher cost areas to correlate with the increased coal prices. Basing this years costs on those costs would be a mistake as they most likely will switch back to lower cost mining. Exchange: TSX Symbol:WTN.TO Buy Price: Low $0.80s (Preferably in the 70s) Sell Range: $1.10 to $1.20 (I anticipate a take out of January's high) Time Frame: It's coming down to the wire and should be within this next week to three weeks out. Last edited by AdamJ; 05-07-2009 at 08:54 PM.. Reason: stock tag
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04-29-2009, 11:43 AM	#2
AdamJ UberTrader Join Date: Apr 2009 Location: Waterloo Posts: 227 Favorites: OPC WTN GCE IAE QEC ITX Rep Power: 133 Reputation: 1869	Not to toot my own horn but, TOOT! April 27th Open 0.80 High 0.81 Low 0.77 Close 0.78 April 29th Open 1.00 High 1.45 Low 1.00 Close 1.42 Last edited by AdamJ; 04-29-2009 at 11:03 PM.. Reason: update closing numbers
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04-29-2009, 11:45 AM	#3
chuckd UberTrader Join Date: Apr 2009 Location: conyers, Posts: 700 Favorites: KFN LVS NTE Rep Power: 295 Reputation: 5419	toot toot for you, I still am not set up to buy on your shady, fly by night, Canuck exchange. __________________ All advice from me is guaranteed to be worth at least what you paid for it, or double your money back. All persons dealing with matters of personal finance are advised to gather information from blogs, books, radio and TV, consult with professionals, discuss the matter with anybody who will listen, and then make their own decision.
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04-29-2009, 11:48 AM	#4
AdamJ UberTrader Join Date: Apr 2009 Location: Waterloo Posts: 227 Favorites: OPC WTN GCE IAE QEC ITX Rep Power: 133 Reputation: 1869	LOL! You're confusing the venture exchange with the main exchange...then again a lot of stocks are penny stocks on there now.
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04-29-2009, 12:29 PM	#5
chuckd UberTrader Join Date: Apr 2009 Location: conyers, Posts: 700 Favorites: KFN LVS NTE Rep Power: 295 Reputation: 5419	No Adam, I am referring to the TSX, if my brokers dont let me trade it, it cant be any good. So if I ignore it maybe it will go away. I kid I kid lol __________________ All advice from me is guaranteed to be worth at least what you paid for it, or double your money back. All persons dealing with matters of personal finance are advised to gather information from blogs, books, radio and TV, consult with professionals, discuss the matter with anybody who will listen, and then make their own decision.
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04-29-2009, 12:32 PM	#6
sblok BEAR Join Date: Apr 2009 Location: vancouver Posts: 81 Favorites: KFN,FAZ/FAS,TBT,SRS Rep Power: 81 Reputation: 710	well what can I say Chuck, you missing some opportunities to make
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04-29-2009, 12:42 PM	#7
chuckd UberTrader Join Date: Apr 2009 Location: conyers, Posts: 700 Favorites: KFN LVS NTE Rep Power: 295 Reputation: 5419	I know, Im trying to forget. __________________ All advice from me is guaranteed to be worth at least what you paid for it, or double your money back. All persons dealing with matters of personal finance are advised to gather information from blogs, books, radio and TV, consult with professionals, discuss the matter with anybody who will listen, and then make their own decision.
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04-29-2009, 01:39 PM	#8
AdamJ UberTrader Join Date: Apr 2009 Location: Waterloo Posts: 227 Favorites: OPC WTN GCE IAE QEC ITX Rep Power: 133 Reputation: 1869	We're even as I'm not allowed to trade on the US Exchanges. If I set up a holding company by the fall then I most likely will get everything. The guy who recommended this to me back in February thinks it will be worth $10 in two years. If the merger with Cambrian goes through and commodities surge like some are predicting it may get there.
	Rate this post \|

04-30-2009, 09:40 AM	#9
AdamJ UberTrader Join Date: Apr 2009 Location: Waterloo Posts: 227 Favorites: OPC WTN GCE IAE QEC ITX Rep Power: 133 Reputation: 1869	Houston we have double up!
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04-30-2009, 10:53 AM	#10
Miles Seeking Bottoms Join Date: Mar 2009 Location: Vancouver Posts: 750 Favorites: LVS, FAS/FAZ, POT Rep Power: 221 Reputation: 3519 Did I help?	Wow very nice Adam. The first 100% swing play on the new board. Wish I had caught this thread yesterday (love my Canadian small caps), but I was away. Rats! __________________ Please note that all information on securities I provide is merely my own opinion and any advice given is purely speculative and should not under any circumstances be considered investment advice. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation.
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