I used to own Alcoa and wanted to move into MT. Alcoa was about half of MT minus one dollar. Based on that, MT should be around 24 today. Very disappointed we are not running right now. Also, disappointed I only got to move halfway into MT, due to the lousy movement in my ANR stock.
It doesn't look like MT has the level of buying interest to absorb the overhead supply and until we see confirmation of better results - we'll see the bulls and bears fighting it out with plenty of head fakes along the way.