AA will have great earnings. auto industry improving bodes well for aluminum. housing market..
doing well also bodes well for aluminum. China improving and in need of aluminum. cant miss. AA is going to $13.50 here shortly.. buy and hold. has a dividend too so u get paid to wait.. strong buy on AA
probably the only one of the dow left to move up and its is long overdue!!!! call options in AA too
AA is miserably tied to the LME spot price of aluminum, which has done zip, zilch, nada, for the last 6 months. the last 2 conference calls is with Klaus trying to rationalize why China cannot keep making the glut of aluminum that burdens the world supply..yet China keeps a glut of aluminum supply. AA has no ability to control its destiny...i'm hoping for a small run up so i can rid myself of the last of these miserable shares and get out of AA completely.
I have ADDED a plethora of shares in the past month or so. It just seems that any positive development can add significantly to the share price. This stock is just cheap on all metrics.
AA is now my 4th largest holding. No matter the news I will hold my shares indefinitely.
It was "cheaper" at $8.00,I would rather wait and
risk missing any rise in the price,than to buy at
$9.00 range and be sitting on it for months waiting
to get even,just an opinion,this whole market is
a risk until the politicans decide what they're going
to do about default,could mean a 500 point decline
in Dow and what you buy before,you'll be waiting
to have it return to breakeven,think I'll stay CASH.