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Allegheny Technologies Inc. Message Board

  • bananas500 bananas500 Aug 24, 2012 3:32 PM Flag

    ATI stock price is a gift

    At least ATI stock price gives you time to buy at this current range. It is not like you have to buy asap or you will lose a deal. The stock price has come down so much in the last several months. This is what happens with these cyclical industrial/metal stocks. You have to have patience and discipline to hang in there, especially with all the noise and negativity that circulates. Fear rules the ignorant and the fearful and they are long gone. That's why I don't think ATI will go down that much from here, maybe high to mid 20's the most, unless a major catastrophe happens. The shake out has already happened in my eyes, it depends now on what price you want it -35, 32, 30, 29, 28. Then you have to have patience and pretty well disciplined to wait it out. What's that saying, "buy low, sell high?"

    Sentiment: Strong Buy

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16.34-0.12(-0.73%)Apr 29 4:04 PMEDT