You should have just seen my previous posts about this stock. You will know the trend. If you would like to take my suggestion , if you do not have Margin worries and if you have more money , just add your positions at this levels and average down your costing. Then think about a target price and put it to sell and forget about it. You will never loose your investments. There are big players which leverage this stock to make their profits with both the trends and they really play big. I was long on this one at 9 and got out at 14 and then shorted at 15 and lost at 19 which went all the way to 30. Then again got in at 11.50 and now averaged it down to 7.70. Knowing this stock I use 30% of it to sell at ups and buy at downs to further bring down the average. Very volatile stock to make quick money . Very risky to play when high. On the contrary very lucrative at this levels. GL
These are some of the highs and lows of CENX and the interesting fact is the highs were short lived and the lows were for most of the time. If you make money in an upward rally you did good. But, if you are holding and averaging down then you need to sit tight for at least 2 years with a hope of another rally.
When the rally happens, there will be very strong reasons which will make everyone believe and get in (feel sorry for those who got in at $31.20) . When it starts falling back, there will be no reason (in fact there will still be strong reasons to buy) and that makes the investor believe its the time to average down(that's why you see small pops in the down ward run). With a pinch of salt, you will slowly unload your bag.
But, the traders will try and make some sweet profits with these little pops. GL