We’ve discussed WHC a number of times of late and after a ~75% surge in a month the stocks suddenly within striking distance of our initial target area. However we feel the stock could easily rally another ~30% considering the coal price and where WHC was trading in 2018 hence at this stage we are only considering trimming our relatively large 6% position back to 4% as opposed to cutting the holding altogether.
MM remains bullish & long WHC
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