Posted 11/13/2012 20:46 (#2695660 - in reply to #2695179) Subject: RE: May and over-laying charts
Sorry sat the program I used to overlay corn and wheat is limited on the symbols it will chart. One of the reasons I do not like it. However I have the two charts together and did a spread chart using my other program. It appears by the spread that they are not well correlated. While the moves since 2007 are similar I am not sure if you could trade ANR based on NG. ANR was able to climb while NG was flat and then basically ANR has just bled value while NG went sideways. Sure ANR could go up now that NG is rising but there may be more going on with the company than I know and that is the reason they are down in price.
It does seem like a buy considering how low the stock is compared to recent history. I have bought stock like that only to realize it is low for a reason.