There were a lot of companies that gave poor guidance during the week due to the negative effects of a strong dollar. I think the metal sector will remain weak until April next year.
They were down last time too and earnings were not too bad for other companies. I think it was a no brainer Alcoa would "miss" due to commodities. Wouldn't you agree? So the market got what it expected. Also since it was obvious it seems its also to easy for them to drop Alcoa and make shorts a lot of money either by put options or covering shares. You know MMs won't make it that easy. I'd say Alcoa fluctuates between $10 and $11 for a bit. If China bs tones down can go higher like energy stocks.
Actually the stock went up to $50 before falling due to CFO #$%$. That is resolved and the babies need aanother quarter or so to see the results.People are #$%$ed in this Market. And people are generally stupid. You prove that maxim to a tee.
sammy, the market is at the same place it sold off the last time Janet and the rest of the fed members decided not to increase interest rates. I'm over weight short with the SPXU, I wonder if they will let the market drop on Friday or save the sell off for Monday's option x week?
History tells us that he market likes to pivot or change direction in October, so there is a chance for a bull pivot. However, Alcoa's week earnings sugggest more down side risk.
stock that it needs to be punched, #$%$ on, and spit on some more because it's garbage.
is down $16 since last ER. They beat and guided higher last ER, and all you got was a 33% haircut as a thank you from this CU stock NT.
to the current stock price for this POS. It's not over yet, this POS low self esteem stock will see a 52 week low and laugh at everybody about what a POS it is.
Shorts would have you believe FEYE is only going down. Those who don't have research, due diligence and a simple feel for the market will follow the shorts. Why do the shorts say these type of things? Because they have what little money they have shorting a stock They basically took a weekend class and now think they understand how to make money.
The real money looks at the horizon. The payoff will be there, so just buy at a bargain price and be patient. Let the shorts who scream, well scream. Think why are they screaming. They have a lot to lose
With shares still down below the open, not only will shorts cover, but longs looking for a bargain will buy as well. Don't need to buy lots of shares, but you never know what the overnight news will bring. It is safer to be long than short at these depressed levels. Remember, all of the negatives about the company are coming from analysts; nothing from the company.
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