Coal and Steel Follow Through

Now it seems like many on Wall Street are ready to embrace coal and steel. I will say I feel vindicated. All the way back in December 2012, coal was a second-half story for me. Then in early August, I added steel to the list as a sector where I thought folks should want to be.

A buyer of Walter Industries (WLT) in July now finds that the stock has nearly doubled up since the bottom. I know bottoms are tough to catch, but Walter gave you a good chunk of July and August to get in on shares between $10 and $12. A trader could have bought Cliff Natural Resources (CLF) anytime in the second quarter and now find a profit in the p-and-l. Even the abomination known as Arch Coal (ACI) is coming back to laugh....394 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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