What happens to AA if there is a 10% mkt. correction...
I am not trying to antagonize, I have been watching Alcoa for apprx. two years with keen interest. There is/has been considerable positive coverage of company & stock considering the long term flatline share price [avg. $8.50]. ...blah, blah, blah!
Over a 2% rise today, good. I am planning an initial purchase of a thousand shares with a long term view, but I feel like there are a lot of crosswinds along and will wait a while longer as April tends to be a historically volatile month; maybe AA will downtrend to high $7 range.
I 'am starting to believe this is truely a stock that is being bought and sold on the highs and lows!
started charting the lows and highs of every month and and is being sold just before the day they report EVERY QTR. regaurdless is they surprize or not and deos not even stay close to what the S & P has done.
Nothing goes stright but having the market retract 10% will take some pretty big news. The S & P multiples are at 14 times VS over 20 from yrs back your watching to much TV you'll do more in a bear mkt . that a bull one! best down sie is 50 cents to 8 and we start climbing again!
Buy your thousand shares in lots of 250. But 1/4 of your shares now and dollar cost average the other 3 lots over the next several weeks while you continue to assess the future direction of the market.