I hate losing money, as most do, however being prepared to put capital on the line, to take a risk, and at times come out on the wrong side is the reality of investing. At Market Matters, we invest in the portfolios we publish, we write about what and why and we do things and we address (rather than bury) our losers.
Whitehaven Coal (WHC) is a current loser, having bought at $1.78.
Yesterday I caught up with Peter O'Connor, Shaw and Partners Resource Analyst to talk about what's gone wrong and the outlook from here.
We are bullish WHC and looking for an area to increase our exposure
We feel the elastic band between the coal price and WHC has stretched too far. But one “buy” catalyst would be a few bad days for coal, which WHC basically shrugged off. It would be a great indicator that the short-term selling had washed through.
Whitehaven Coal (WHC) versus Coal Prices
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James is the Lead Portfolio Manager & primary author at Market Matters, a digital advice & investment platform with over 2500 members that offers real market intel & portfolios open for investment. He is also a Senior Portfolio Manager at Shaw and Partners heading up a team that manages direct domestic and international equity & fixed-income portfolios for wholesale investors.
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Market Matters may hold stocks mentioned in this report. Subscribers can view a full list of holdings on the website by clicking here. Positions are updated each Friday, or after the session when positions are traded.
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James is the Lead Portfolio Manager & primary author at Market Matters, a digital advice & investment platform with over 2500 members that offers real market intel & portfolios open for investment. He is also a Senior Portfolio Manager at Shaw and...
James is the Lead Portfolio Manager & primary author at Market Matters, a digital advice & investment platform with over 2500 members that offers real market intel & portfolios open for investment. He is also a Senior Portfolio Manager at Shaw and...