Bottom fishing JRCC

[chinaman711]

Looking for the shorts to cover on this 1. Only 13 mil shares in the float and 31% short. Keep an eye on this 1 and good luck-----JRCC $ 6.19
James River Coal Company - Common Stock New 0.08
Shares Short 4,117,492
Days to Cover (Short Ratio) 8.5
Short % of Float 31.44 %
Shares Short - Prior 4,594,480
Short % Increase / Decrease -10.38 %
Squeeze Ranking™ -225
% from 52-Wk HIGH ( 43.53 ) -603.23 %
% from 52-Wk LOW ( 6.04 ) 2.42 %
% from 200-Day MA ( 13.54 ) -118.74 %
% from 50-Day MA ( 8.75 )
-41.36 %
Price % Change (52-Wk) -84.37 %
Trading Volume - Today 206,308
Trading Volume - Average 484,322
Trading Volume Vs. Avg. 42.60 %
Total Shares - Float 13,097,000
Total Shares - Outstanding 16,691,536
% Held by Insiders %
% Held by Institutions %
Market Cap 103,320,609
EPS -1.29
PE Ratio
Sector: Basic Materials
Industry: Industrial Metals & Minerals
SI Record Date 2006-Dec


Information Provided Without Warranty

[metalheadrr3]

Added to my watch list ... taking a bath on some picks so I will wait to see some positive movement on this. Any idea what to look for? Little bit of positive movement to start squeezing out the shorts?

[chinaman711]

Watch the close, would like to see a new high for the day.

[metalheadrr3]

Doing just that ... up to about 6.35

[chinaman711]

We get some volume on this 1 next week and it should run right thru 7

[metalheadrr3]

Startin' off up ... lets see where this one goes ... in other words BUMP

[chinaman711]

JRCC needs to get thru 6.53 and needs volume to come in, if so it could get squeezed. Look for 7 if it takes out 6.53. Good luck and keep your eye on XING too as it looks ready to rocket higher imo.

[chinaman711]

Back to 6.40 needs to get thru 6.53 on volume and then we off and running imo

[chinaman711]

Here we go as it takes out 6.53, looking for 7 plus

[chinaman711]

JRCC looks to make another run at 6.53 just needs some volume. Good luck

[chinaman711]

Here comes the short squeeze on news--



Press Release Source: James River Coal Company


James River Coal Company Receives Commitment to Refinance Senior Credit Facilities
Thursday February 1, 9:15 am ET


RICHMOND, Va., Feb. 1 /PRNewswire-FirstCall/ -- James River Coal Company (Nasdaq: JRCC - News), a producer of steam and industrial-grade coal, today announced that on January 30, 2007 it entered into a commitment letter with Morgan Stanley Senior Funding, Inc. and GE Commercial Finance, providing for the commitment of debt financing in the aggregate amount of up to $135.0 million.
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The proposed credit facilities are anticipated to be in the form of senior secured credit facilities consisting of a synthetic letter of credit facility, a term loan, and a revolving credit facility. The closing date is anticipated to be on or before February 28, 2007.

Morgan Stanley Senior Funding, Inc. has committed to provide 100% of the principal amount and to act as sole lead arranger of the following facilities:

* $60.0 million in a synthetic letter of credit facility

* $40.0 million in a term loan facility

GE Commercial Finance has committed to provide 100% of the revolving line of credit up to $35.0 million, including a $10.0 million letter of credit subfacility.

The proposed credit facilities will contain financial covenants that are usual and customary for financings of this kind, including, without limitation, financial covenants covering minimum EBITDA, maximum capital expenditures, and maximum total funded indebtedness.

The Company intends to utilize the funds to refinance existing secured indebtedness and replace existing letters of credit, to provide for working capital and other general purposes, and to pay the fees and expenses associated with the proposed credit facilities.