Massey Energy (MEE)- We'll get IN at the Levelling-off Price. Back in black when the kneejerk reaction is over. Sure they'll have to pay families for their loss and spend some on cosmetic safety upgrades. However, shouldn't be a bad Working BUY, expecting a minimum of 10% Gain.
The average "morning period" for situations like this is 9 months. Expect black ink after Congressional Hearing. You think those Asses on The Hill won't take this chance to bash the Coal Industry? Pay attention.
For our purposes, don't be too concerned about Congressional Action; the Coal Industry will be A Fact Of Life for the foreseeable future.
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