About a month ago I told my readers about a share that had soared by 431% in 12 months. We may soon get the chance to buy into it on the cheap.

Just over a month ago, I told my readers about a company that I called “the greatest investment that we never made”. When I wrote to them on May 29th, this Indonesian coal company’s share price had zoomed-up by 431% over the previous 12 months.

So you can understand why I said the following:

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“I’m still kicking myself over (this company). We looked at the company earlier this year but were convinced that we would be able to get in more cheaply by holding on a little longer. A pull-back in its share price seemed quite likely given its stellar rise. Instead, the company’s shares have just kept on going. The two new coal IPOs (coal companies Adaro and Indika Inti were planning IPOs) might take some of the wind out of (this company’s) sails though. And if we see that happen, we might want to revisit this company.”

Well, today its share price fell by almost 14%. Nothing wrong with the company, though. Coal companies everywhere have taken a hit today as traders and speculators bet that the recent spike in the coal price is overdone.

Today, the Bloomberg World Coal Index, that tracks 23 coal companies, fell by 3% after falling almost 5% yesterday.

This company is still on my investment radar, but I suggest waiting a little while longer. We could see this correction intensify. Between the end of February and the beginning of April, its share price fell by 38.4% before resuming their upwards march. A repeat performance this time would provide us with an excellent point to buy in.

I’m not going to go into too much detail today, since there is no guarantee that we will see the kind of correction that we’re hoping for. But this is an opportunity that I am going to be watching very closely over the next few weeks.

Regards,

Manraaj Singh
Editor
Profit Hunter

P.S. Manraaj Singh is Chief Investment Strategist for Profit Hunter, our unique global investment service. You can try Profit Hunter for a full 3 months, at no obligation. If you decide it’s not for you, simply let us know, and we’ll give you a full refund – and you’ll get to keep Manraaj’s latest report, absolutely FREE.

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