For the record my call was on the money. As for the guy who gave me the thumbs down, did you keep buying more?
You don't replace a CFO right before your earnings announcement unless the news is bad. My guess is they will delay the release to Friday after the close of the market when less people are paying attention. I would say long term this may be a decent highly speculative buy but short term things are about to get even worse.
Doesn't seem like insides have any interest in picking up shares at these prices. In fact, there is not that much insider ownership. That concerns me,
When Gold was at $1,900 many were calling for gold $5,000. Well, Gold fell badly while most said we wouldn't go much below $1650. Then we were told it had support at $1,500. They we heard it can hit 1,350. Today we are hearing Gold has support at $1,100 but there are calls of Gold by Morgan Stanley of $800 and someone is now predicting Gold $500oz.
Bottom line, nobody knows for sure and my $35 prediction could just as easily end up being $3,500. And if it hits $3,500 you know people will be calling for Gold $10,000. It's just how this works. My worthless advice: Tune out the crazies and buy low and sell high. You'll never pick the exact bottom but if you are patient you will be rewarded with a much bigger upside.
Perhaps but a few years ago people also believed in hope and change. As time goes on you learn differently. I think this was also the case with Kirchner.
Every once in a while somebody makes a good point as you certainly did. I wouldn't bet on Argentinians voting for the pro business candidate but I agree regardless of who is elected things can only get better with the departure of Kirchner.
Earnings scheduled to be released in the next week or two. The price drop makes me think it will not be all that good.
Just look at how these two Democrat ladies have driven a once desirable company into a worthless business with little chance of long term survival. This is similar to what their friend Hillary would do to America if she gets her paws on the Presidency.
Boycott Obama and the communist. They know nothing about how a business operates. America needs more Staples and less Obama's.
Yes and insiders selling have helped to drive the prices down to a 52 week low which means tax loss selling will kick in taking it down even lower. Where's the bottom?
It should almost be illegal. They bonus themselves or buy as stock options for pennies and them sell massive amounts on the open markets driving the price down. I lost faith in this company when they put out a release claiming they had the resources to produce ZMapp – the drug that can potentially cure Ebola. Maybe so but they also knew they were nowhere on the list of companies who would be selected. Just a cheap hit to drive up the stock price and allow insiders to sell. I'm still holding on to my shares but not happy.
That's all nice but they are not one of the company's mentioned to produce Zmapp. It looks like the CEO just wanted to make some press but I don't see it leading to anything.
Tradesoxx, I often give a like to your comments and will continue to do so. For those of us who approach investing with our eyes wide open, taking a few bucks off the table requires no explanation. For those who simply buy with emotion...no explanation is sufficient. Any stock under $5 is a risky play and to make ALU 10% of your portfolio still shows you recognize the company's potential.
Execution will be the ultimate decider on whether we win or lose. I still think ALU is worth holding on to and in some cases adding to. Good Luck!
Taking a little money off the table is not a bad decision considering it was 27% of your portfolio. You still hold a 10% stake so like me you want to see a positive outcome. I get it even if some others don't. Good Luck!
Speak for yourself. Unions workers will make ALU bankrupt as the did GM & Chrysler and there is no Obama bailout for us. Combs must cut as many as he can and then when he is done, cut some more. A lean, mean ALU will finally deliver shareholder value and a successful sustainable company.