Montag, 9. Juli 2012

Patriot Coal to seek bankruptcy

Patriot Coal a company with over 4000 employees and a market capital of 40 mln dollars, is filling for insolvency.

PCX crashed almost 70% and is sliding more down in the after-hours.

The decreasing range should be in the 74-86%..
Im short @ 0.818 and my plan is to close the position at 0.55.. lets see im in!