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Alcoa Inc. Message Board

  • imshirazy imshirazy Jan 28, 2013 12:40 PM Flag

    Charting

    AA has a support at 8.88 from a few weeks ago and 8.91 from december 18. Hoping for a bounce back up off this somewhat weak resistance. Considering the prices of aluminum going up, and supposed Chinese expansion in building, I'm hoping for a near term $10, possibly $14 by year end, and mayyyybe eventually back up to 20s plus long term. This company is below book value, but above PE, I'm leaning more towards the below book value as my main reason for investing here. If it bumps tomorrow, I'll buy more :)

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AA
9.41+0.55(+6.21%)Aug 28 4:00 PMEDT