CENX closed below the 50 day moving average on Friday after a big down day. There wasn't any support til 10. The stock did not make a new high after the last bounce. Put activity indicated it would go lower with some support around 9.5. This thing is showing signs of breaking down and there could be some serious fundamental problems with the company. They are cutting retiree benefits, That's bad. 200 million in cash , they lost more than that in one quarter, bankruptcy could be looming. There are much better plays in the metals sector than this.
This company isn't going bankrupt. Stop spreading false crap around... Glencore owns too much of this company to allow it to go bankrupt.... This is just the shorts toying with this stock.. This stock may not even bounce after earnings, but it is a $16 stock...
yes, saw it coming, but without the dollar's strength .... i think you/we would have been wrong today. (just look at the movement in the morning before the dollar recovered) it's a dollar play today and doesn't have as much to do with cenx's technicals.
You better close your short by the end of tomorrow if you are lucky to have a chance to cover. In the past two days, MM suck all the shorts in , and once the earning is released, the rush to cover of the short will accelerate the clomb of the stock and push the share price to the norm relative to the Aluminum price . By the way when CENX went to %10.74 in no time this morning, why don't you claim that there is something wrong with this company?