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Alcoa Inc. Message Board

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  • mruyog mruyog Mar 11, 2010 3:21 PM Flag

    Looks Like Sell Off Has Ended

    Like I stated, I see it currently as building up a base to move up higher. I would have hesitated to say that yesterday although, in my view, based on improving global economic activity and business situation for AA, these shares do not appear to be heading south. The downside risk from the current level, thus, is pretty low compared to an upside potential. Yes, neither I nor you can be sure which way the general market (that may drag these shares with it) is headed for the forthcoming week. My guess is that the general market would be sideways and is not likely to go through a major correction. If the earnings announcements beginning in a few weeks are generally better than expected (which is what I expect), a major market correction would be unlikely because a lot of analysts would already have enough information to prejudge the situation before the announcements. Certainly, you should put your money only when your conscience suggests so.

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    • I'm not going to pretend on know economics. I go by what I see, feel,read and past experiences. But mostly feel.It's my best gauge. I don't believe any of them. CNBC-what a joke! So, why do you think AA only follows the dow when it goes red, but never when it's moving up. That's what has me thinking. BTW, I don't consider today, AA following.

 
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