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Alcoa Inc. Message Board

  • carlrich carlrich Nov 13, 2009 2:05 PM Flag

    Which direction is this going???

    It seems AA and others in the alum space such as Century have fallen back over the past month and are now treading water. I wonder what has changed in the analysts/traders' view to cause this pullback. Maybe the alum stocks had gotten a bit ahead of themselves. But, other commodities have pulled back a little and have once again moved up a bit. Is there concern about the Chinese? Do they have too much excess capacity? Is there concern that the demand for alum in China and elsewhere just isn't kicking in like they thought just a few weeks ago. I thought the AA CEO gave a decent outlook. Any thoughts on why we are where we are today and what might the next 2-3 month outlook like would be appreciated. Not looking for conspiracy theories or that everything is due to manipulation. Hear that stuff too often.

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