Bookkeeping: Capitulating on Coal

Commodities obviously continue to be "liquidated" by HAL 9000 and friends, so I need to take some actions to shore up the hemorrhaging. I've cut back the fertilizer quite a bit, and it remains my favorite theme so I don't want to cut much more. Note - I'm not buying because these stocks are in free fall and if PE of 10 why not PE of 5. Who knows where the selling ends.

I am going to instead cut some coal which is inane considering the price for coal (the actual commodity) stands like a fortress as compared to oil but since they are both black and hence HAL 9000 cannot discern between the two - they get sold off. I am hoping my capitulation marks the bottom. I am cutting back 2 names to the bone.

First, Massey Energy (MEE) - the stock has broken the 50 day moving average ($70) and seems like it has a date with destiny at the 200 day moving average ($50). It is i...