my 2 cents.
If you track the days performance, you will see huge volumes on the surge and low volumes on the dip. That happens when someone is watching and grabbing big ASK bids. To answer your question, this has nothing to do with the quarter report or the dollar performance. I think this is something to do with the overall situation with the Metals industry and CENX in specific. The BEARS took
advantage of the situation and shorted CENX to a great extend only to milk on it and go long with the slightest improvement of the situation. Now, with different measures coming into effect to control the falling prices, they are turning the tables. This can be a little prolonged process. But, it will very fruitful if we can hang in there. That is why I use my 25% of CENX positions to capitalize on the swings and keep 75% for the real benefit.
Most of the institutions are looking for the big volumes in the ASK bids to grab. It all depends on who wants to take the profits. Watch out for today's Volume. Lets see . GL
This is normal for a Stock that is shorted way too much. The pattern will be... SHORTS panicking to cover and on the other hand short term profit takers getting out. The actual long term investors will be consolidating and strengthening their position by adding more at these lows.
Once again ....... "See what did I say" . See my previous messages for CENX . All predictions super correct. GL
I am glad that I was able to load up my portfolio with CENX. Today I was able to unload the extra stocks of CENX, bringing down my average for the loooooong CENX positions drastically. Now, well positioned to enjoy the up ride. If the shorts bash CENX , still well positioned to add the extras once again. GL
and also CALLS so cheap. GL
Shares Short (as of Dec 31, 2015): 16.15M
Shares Short (prior month): 18.49M
Taking advantage of the Aluminum Price slump and the Global economic situation, CENX was shorted way too much and it will happen with the slightest chance available. If the situation improves even little bit you will see all the Short positions getting covered pumping up the price of CENX. At these levels, its very wise to accumulate whatever you can. Check out the Major holders of CENX. They will make sure CENX will trade in $20's anytime this year to milk the profits.
I would say $12 - $13 . Please mark this post. Check my earlier posts. Never went wrong .
At this price CENX is a steal.
Top Institutional Holders
Holder Shares % Out Value* Reported
Senvest Management LLC 1,540,994 6.30 3,251,497 Sep 30, 2015
Waddell & Reed Financial Inc. 4,768,092 19.49 10,060,674 Sep 30, 2015
Primecap Management Compan 3,242,100 13.25 6,840,831 Sep 30, 2015
Vanguard Group, Inc. (The) 405,240 1.66 855,056 Sep 30, 2015
Alyeska Investment Group, L.P 197,881 0.81 417,528 Sep 30, 2015
Millennium Management LLC 185,950 0.76 392,354 Sep 30, 2015
Bridgeway Capital Management, 80,600 0.33 170,066 Sep 30, 2015
Geode Capital Management, LLC 76,440 0.31 161,288 Sep 30, 2015
American International Group Inc 71,421 0.29 150,698 Sep 30, 2015
Goldman Sachs Group, Inc. 68,754 0.28 145,070 Sep 30, 2015
Top Mutual Fund Holders
Holder Shares % Out Value* Reported
Primecap Odyssey Aggressive Growth Fund 2,325,000 9.50 4,905,750 Sep 30, 2015
Ivy Science & Technology Fund 1,828,000 7.47 3,857,080 Sep 30, 2015
Waddell & Reed Advisors Funds 1,827,500 7.47 3,618,450 Jun 30, 2015
Vanguard Total Stock Market Index Fund 288,282 1.18 570,798 Jun 30, 2015
Ivy Fds VIP-Science & Technology Port 279,600 1.14 553,608 Jun 30, 2015
Calvert Social Investment Fund-Equity Portfolio 255,843 1.05 539,828 Sep 30, 2015
Vanguard Extended Market Index Fund 109,858 0.45 217,518 Jun 30, 2015
Bridgeway Funds Inc-Ultra Small Company 80,600 0.33 170,066 Sep 30, 2015
Spartan Extended Market Index Fund 53,732 0.22 133,255 Oct 31, 2015
iShares Micro Cap ETF 48,313 0.20 119,816 Oct 31, 2015
I think its the other way. If Donald Trump becomes President , he would encourage companies to go bankrupt and float new companies.