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Allegheny Technologies Inc. Message Board

  • rickyk101 rickyk101 Feb 15, 2006 9:53 AM Flag

    i don't understand

    i'm not a stock market guru like most of you here,i am just a small time (ignorant)investor trying to build my retiremant a little faster than a mutual fund or cd. i bought 500@35.60ish and have taken profit then then reupped at 45 but how can this stock with such good numbers and forecasts be so volatile? i know its comodity but the numbers really haven't changed that much for such drastic swings,have they? please explain just a bit.

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    • You picked a great stock with ATI. Stocks in this much demand will always be short's candidates in their screwed up perspective that TA is gospel. Don't look at where ATI has been. Look where it's going. Sorry I don't have a better explanation for you.

      $80 stocks that trade in the 50's don't stay their long. Lock and load! GL!

    • its the float that causes the swings...not many shares outstanding. that is why a 5 dollar cushion is not very big.....this thing can swing 5 bucks in 20 min.

      take you profit.

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