The entire market is being manipulated. Alcoa is done in my opinion... It would take a miracle to have this crap move up to $17. The only thing that can move it now, is an upgrade, buy out or oil drop back down to under $100
I completely disagree. This stock has nothing but good coming out of it. Yes, oil prices are hitting the entire market. Once this issue is done in Libya, AA and the entire market has stability and rise written all over it. We will have a huge earnings runup also.
I wish I could believe that... The problem is that the problem doesn't only start and end in Libya... Things are brewing in the neighboring countries aswell. Not just oil prices being high but the tension of violence and possiblity of military action by the US and NATO. Coupled with the big market run up, this makes a perfect manipulation play for the big money to short the entire market.. Then when this happens the analysts will simply say "it's a market correction"