it will be but this is a long wait....recently, it has been on a downtrend regardless of whether the market is up or down...down almost 15% the past week...cramer says AA is dead money, so u can expect the same for cenx...but i guess, when it's below 8, u can start to average down, but this is just my opinion
Cramer said AA, was his #1 buy for 2011. When the stock was at 17. I would not go by what he says. CENX and AA may have some more tuff months ahead but those who can wait it out and add more will do vary well, I agree with you. I do not own any AA and I never have, but I did dump all of my CENX earlier this year around Cramer's comment, which is why I find this so funny. I am back in CENX now in a big way with a lower DCA than my last trade. The shorts might win the battle in the next 3-6 months, but they will not win the war. Always do your own DD. GLTA.
I think CENX follow AA. I always watch AA to trade CENX. When I see AA hit the bottom, I will buy AA and double buy CENX. They both look like twin brothers.
I agree CENX is easily past $12 when AA goes up.
It might get to 12, but it will be hard, even though the spike was moved also by a short squeeze after posting a loss, 8.5% of float is short, shorts were expecting the bad numbers