Agreed, its so funny to watch these same trolls come around anytime the S&P is down significantly and talk their nonsense. As if though Alcoa were the only stock down. It's the same story on every message board too. Most of them are just jealous that we can wait out any downturn because we have the financial capacity to do so. I have my price target and won't sell until its met much to their chagrin.
What is important is how much money I've made. More than 50% on AA while all you have done is bash and watch sub4guy.
And I just placed you on ignore loser.
b.t.w have owned and built positions in Alcoa when it was in the 8's. Will hold till mid 20's. No specific timeline, plenty of cash and other investments in the mean time. Just the target for this investment
Since you're a student of history one has to look at how Alcoa has moved in the past. Look at its movement from 98-08, that is how volatile this stock is. Best to pick a sell price and hold 'till you reach that level. Ignore the noise here. People will come here and talk garbage in the end very few are actual value investors.
Apparently we're all the same posters!
Are you newemaillouis or what the heck? Between them and the (((()))) guy this board is done. I think it's all probably the same poster lovemoney100. Carry on.
It may be surprising to see $17 billion aluminum manufacturer Alcoa (AA - Get Report) on our list of Rocket Stocks this week. After all, Alcoa's performance hasn't exactly been inspiring in 2015. Since January, AA has actually shed about 10% of its market value, but it is starting to show signs of a reversal, and that means that long-suffering shareholders could be in for a reprieve as this stock hits "Rocket" status.
Alcoa is the largest manufacturer of aluminum and alumina, producing about 10% of the world's total supply of the metals. That means that even if you've never heard the Alcoa name before today, there's a very good chance you've come in contact with the firm's wares if you've ever drank from a soda can or flown in an airplane. Spot aluminum prices are starting to look bullish again, as global industrial demand perks up and the strong dollar takes a breather. LME aluminum prices are up about 10% from their lows back in March, and as AA collects higher prices for its products, profits should move in step.
Scale comes with some advantages for Alcoa. The firm is one of the lowest cost producers of aluminum and aluminum oxide, which means that it benefits disproportionately from an uptick in aluminum prices at market. Because it's an integrated producer, Alcoa also has the ability to squeeze extra margin out of each step between mining and wholesaling. The technical picture in AA looks solid, a fact we saw in the price action with Friday's 5.4% rally. Shares should extend that breakout move as we head into May.
Wow, looks like you are up to your old nonsense again under a new yahoo account? Dead money? My cost is int he 8's. 25% a year return? No, the only thing dead is what is between your years. Looks like I have to make an addition to my ignore list. sub4guy or is it subguyaa
Must be a village idiot chiming in again with some worthless comment. Ignore is the best thing that can happen to those types.
Just goes to show just how wrong the aluminum pricing theory is. As all educated investors know, Aluminum pricing impacts AA's end product, but by less than 20%. Their main production is more and more dependent on the finished end products for automotive and aerospace.
I wouldn't say the shorts are in control, but at this price the HFT's are moving this stock.
Short interest remains relatively low.
Fitch Ratings affirmed the ratings for Alcoa Inc. including its Issuer
Default Rating and senior unsecured debt at 'BB+'. This rating would
affect almost $14 billion in commitments and securities. The Rating
Outlook has been revised to Positive from Stable in recognition of
permanent improvements to the Company's business profile. As per a
Bloomberg report dated April 16, 2015, the ratings reflect Alcoa's
leading positions in aluminum, key aerospace, automotive and
construction markets, strong control of costs and spending, and the
flexibility afforded by the scope of its operations. The report added that
Alcoa benefits from being vertically integrated and geographically
diversified. The Company has generated free cash flow after capital
expenditures and dividends to shareholders since 2010 despite weak
aluminum prices. Profitability remains leveraged to aluminum prices but
less so than prior periods given cost reductions and higher value-added
production. As per Bloomberg, on the margin and all else equal, Alcoa
reports that a $100/t increase or decrease in the average price of primary
aluminum as reported on the London Metal Exchange (LME) would
increase or decrease 2015 annual net income by $190 million (a drop of
$50 million from 2014's sensitivity).
Price Target 17.68
Upside Potential 31%
For those keeping track of Al. pricing, even though as knowledgable holders of Alcoa know, it's really is so much more than an Aluminum Company. Less than 20% of its income is based on Al. pricing at this point.
Looks like Aluminum has wiped out 60 day losses in just the past week.
LME levels continue to fall after a little bottoming, which is a good sign as far as inventory levels go. Means the rule changes have actually now registered and were tracking real inventory levels which continue to decrease with demand and voluntary supply cutbacks.
I would call it oversold. It's been oversold for a while. No reason for it to be here other than trying to shake out the weak to buy more shares. As I posted earlier, even through the JPM downgrade they [JPM] never sold any appreciable positions compared to what their holding and other institutions even added more.
Contrary to the bashers, who now have no choice but to admit bottoming, this will not trade in a channel for the next six months. Historically, Alcoa either moves up or down rather aggressively.
SEC has everything public. NASDAQ, Whalewisdom. there's another one I don't remember right now. I'm not at the office, its bookmarked there. Fundville tracks funds buys and sells too.