Trying to figure out why this is falling today while raw alum went up a percent. Any ideas?
Most material stocks are taking a beating. Copper is down 9 cents in the last two days. What does that tell you?Nonetheless, I picked up 5000 shares of CENX at 8.01. For a quick trade of course.
Merrill downgrade of AA on Friday along with general fear that regulatory action or just fear from action could result in a quick liquidation of the LME inventory. Prices could collapse on a short-term basis.