I have been looking around for a good coal stock and thought Prophecy had left me by, but it has come back to a reasonable share price after its meteoric run. Everything about Prophecy say that this will be big winner in the future. Coal stocks are volatile and when they run they run huge, just look at stocks like GXS, WTN, GCE, and PCY's previous run last winter that went from .045 to $1.19. The run was definitely overheated and has sold off in a flag pattern to the 200MA where it is holding very strong. Prophecy holds coal properties in Mongolia and this is certainly going to be of interest to the Chinese as a prospective buyout being so close in Mongolia.
This company has a large following with Doug Casey, North Miner and Brien Lundin all giving them coverage and they also have the renowned Rob McEwen on the advisory board. At .50 the entry point is right and failure to hold the 200MA will provide a quick exit for those only around for the trade.
Don't get confused with the other properties, this stock is all about the coal in Mongolia. Follow the link below to find out more Prophecy.
Click here to find out more on prophecy at their website
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