I am not in but to all the longs here put your stop sell in!
I have been in this market over 35 years I have learned a thing or too
LME prices still down with no increase in site even w/ AA's premium
AA is not there yet...street does look forward
AND as of late the market is looking for results!
good earnings and good guidance going forward (next 90 days)
Its early still and you have to TIME THE MARKET!
All is well in there mfg. world
smelting will pay a price on there EPS
going forward if they can continue to greatly reduce there loses in smelting it will help w/ there balance sheet but that is not enough!
Ford will not intro F-150 till late fall, this is the big HOPE!
All else is just a 7% rise in Mfg. goods
You r comparing AA to US steel (a few months ago) but with greatly dif. EPS so do not get to excited
with AA out come!
There's still lots of time!!!!!!!!!!!!!!
there r 3 trading rule I have learned
1) Never fall in love with what u own
2) buy low and sell high
3) and for God sake do not forget rule #1
If you think...well time is on my side here.....well that is OK till you r 25% behind!
GOOD LUCK LONGS
Remember you still have time to go long and at a better price!!!!
Here's a time the market story, Years ago I read story in the Barrons weekly about on line stock trades
E- trade and Ameritrade both around $5.00 per share and the story goes they should be over $10
studied...did my homework ...bought Ameritrade stock- went down 25% before it went up!
the market was in a down cycle but the stock was good!
LESSON ...Time the market!!!!
AA will tell a great story and the street will digest it and all that will matter is WHEN!
AND WE KNOW THAT ANSWER!
They will be pumping Klus for info on Ford right after they get done Digesting the numbers! as to WHEN AND HOW MUCH
remember...this is a $13.00 stock with a report of .06 cent EPS, charge offs, stronger balance sheet
THATS IT with a long 6 mos to go in a show me market!
If the negative feedback is irritating then stop making your predictions public. Pretty simple. And stop saying you are "always right". No one, and I do mean no one, is always right, especially in the short run. Be happy if you are right 60% of the time. And keep it to yourself if you are. There is nothing to be gained by bragging...is that supposed to make you popular? It won't.
I commend you for developing a stock picking "system". Over time, with refinements, it is sure to be time well spent. Just remember you are up against formidable opponents with access to far more information and computing power than you have. Good luck.