Wednesday, December 22, 2010

Dear Santa: Please send me a 2% down move in the major averages (ANR; BTU; KOL)

Starting at 3:00 pm EST.

I'm thinking of a very short term bet against the coal stocks or the coal ETF (KOL).
More in the next post.
Current prices (go up! go up!)
KOL down 17 cents at $46.19
ANR up 72 cents at $55.82
BTU  down 21 cents at $63.53
DJIA 11,545.72 
SPX    1,257.80

Thank you.