Republicans have siezed control in the Senate and House. Leading the batch is Kentucky Senator Mitch McConnel, a man bought and sold by the Coal Industry.
I went long calls of Kentuckys very own Peabody Energy (BTU) as well as picking up a lotto sized position of potential momentum runner SCOK today.
I expect the republicans to give big legislative breaks to the coal industry.
These stocks have all been massacred by the market some down 50,60,70 percent. Basically these coal companies are nearly priced for Bankruptcy at this point and are due for some sort of snapback rally.
Debate the merits of coal all you want. 50% of this nations power is generated from coal. America hold 25% of the worlds coal supply. I am seeing a potential opportunity to bank some coin here, if only for a quick trade...