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New Long Plays

None today.
 

New Short Plays

Nat.Res.Ptnrs - NRP - close: 53.01 change: -0.48 stop: 56.01

Company Description:
Natural Resource Partners L.P. is headquartered in Houston, TX, with its operations headquarters in Huntington, WV. NRP is a master limited partnership that is principally engaged in the business of owning and managing coal properties in the three major coal producing regions of the United States: Appalachia, the Illinois Basin and the Powder River Basin. (source: company press release or website)

Why We Like It:
We are going to hedge our bets. Currently we have coal-producer ARLP on the play list as a potential bullish candidate. We are still on the sidelines with ARLP but suspect that it is about to turn higher. Meanwhile NRP is still turning lower. NRP has been sliding in a trend of lower highs and lower lows for months and just completed another failed rally at $56.00. We see today's decline as yet another entry point to short the stock. Our target is the $48.00-47.00 range. We do not want to hold over the late February earnings report.

Picked on February 02 at $53.01
Change since picked: + 0.00
Earnings Date 02/20/06 (unconfirmed)
Average Daily Volume: 79 thousand
 

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