Bookkeeping: Adding to James River Coal (JRCC)

I am watching Arch Coal (ACI) drop 25% in 2 sessions; you know what hedge fund owns Arch Coal don't you? A certain one going out of business... the sharks are now berating his positions.

Instead of starting a position in Arch Coal (we already own enough coal stocks) I can choose any of the ones we own which are also being puked up - I've chosen James River Coal (JRCC) which is down 22% in 2 sessions for a "flip and trade" - the only way to make money in these stocks anymore. That is, buy them when they are punished, and sell on the pop. So this is only a trade and nothing more.... this is a renters market, not an investors as I've been saying for months.

We're buying here near $33, the stock bottomed out at $30 last go around so maybe tomorrow we get there... if so, I'll buy another batch. And then we'll try to flip the whole thing out near $40 otherwise known as...