Must admit that I am shocked by the new 52 week high in ALU specially when there is no reason to buy and 100 to sell.. I am also amazed as to how the fools, Alpha etc are helping push this POS to over $2.. On the other hand I am sitting patiently to just short this to BK but when and at what price ??? That is the question ??
I am not going to complain because the higher it goes the more money I will be making on the way down..
However I am smart enough to short even if it falls and markets decide that the run is over..
So lets see, looks like I will make money with ALU no matter what.. I told you it is an easy trade going DOWN and right now it looks like the sell off will probably come in July after the restructuring news is digested and reality sinks in that this POS is a one way street.. Patience is key.
I love how shorts always fancy themselves as "smart." The only time you're "smart" is when you're lucky enough to coat tail on the big hedge-fund computer-generated shorting machines. Yes, they can manipulate a stock down until the cows come home, but that's the only way a retail shortie is ever going to make money.
say.. stinkstore4ever... would you say sell off would "Probably" come in July.. would this be before or after earnings.. I reckon that q2 numbers will be up.. I think "Probably" your going to get burnt.