It's funny how people keep selling the stock and others shorting it... Are those people retarded? Isn't obvious that Alcoa will be a key player in the rebuilding of Japan? And we all know how stocks are.. They are very volatile and can move up overnight without warning... What if some good news comes out tonight and tomorrow Alcoa opens up a buck? This is not Gamestop, Electronic Arts, Macys or Domino Pizza stock... This is Alcoa which is going to be a primary player here... I figured that other stocks not realted to this would be down but Alcoa???? Come on man !
"Shorting Not a Good Idea" is correct and AA is just not a good short turf. Oh well.
Have to admit that I did short AFLAC very well...will use the cash proceeds to cover my own insurance premium INCREASE with my insurance company. We will ALL PAY for the AFLAC adventure into Japan and when I say ALL, I mean non-AFLAC policies...all insurance will increase.