AA looks like is about to move higher but slowly higher as we enter 2014. The good news is AA is now taking most of the Airline industry markets. Maybe starting to get into major shares of the auto market with their new aluminum alloys. All this while aluminum prices are starting to go up. My bad luck is I just sign an offer to buy a house so I will have to sell tomorrow while I know the stock will keep going back up. I'll miss my AA holdings because this is the time to hold for higher gains coming up in the next two years.
I think AA could make some big moves up within this year continue next year. Maybe as high as $20 again.
I'm just using logic. Same for Bank of America when they were trading at low as $7 early last year when people were concern when it dropped from $17 back to $7.5 level. Imagine you got in at that low price of $7.5 and could sell today at $15.6.
Same for AA if you can buy at $8 bucks and sell at $20 next year or even $30 within 3 more years.
Now, the same thing happening again. China will continue to depress this type of mining for many many more years to go. That is the real reason I sold before. China is the problem. It is happening to my Alcoa stock also. Just take a look at AA trading at only $8.5 now. Lucky, AA have the high tech design for using Aluminum for new industries like airlines and cars.