Alcoa, Inc. Message Board
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Under 10 after earnings
doesn't even matter what they earned or what they say, stock has discounted all positives with a 20% move in the last month.
sell it hard!!-
And you are full of it BEFORE and AFTER earnings. Go away.
- 1 Reply to rebeldoe
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Check the volume; over 180 $10 Oct 16th Puts...
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Bought 160 $10 puts @ 2 cents.
I think it will be an $8 stock by Oct 16th.- 2 Replies to ravigunturu
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I dont blame you Ravig...... you are indian. perhaps you should go buy some SAY(satyam) and stop terrorizing American companies with your idiotic bets.
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Thats a bold statement to make. Are you insinuating that AA was not supposed to recover from the lows with the general market?
has it outperformed the dow yes
http://www.google.com/finance?q=aa
but i wont necessarily say that this stock is overextended. -
20% move is off of a price level discounting a double dip recession. Lots of reasons to like AA and lots of reasons to dislike it too but the stock is not expensive here. IF the US and/or global economy goes down in the first quarter next year, all bets are off, but if you don't think so this will be higher by years end. Under 10 reflects a big time miss and that is entirely unlikely with firming of pricing in the last month.
- 1 Reply to mmikita
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Sadly with that statement you must consider the weakness of the USD, which negates all gains in aluminum.
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We will see what happens to-morrow; do not have to wait long to see if you're right or wrong.
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If you know it so well, then why dont you short? Maybe it will be 15 tomorrow morning !
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