Let's hope that helps the stock price.
I talked with a co-worker about shorting Alcoa at $16. I didn't do it because the news at the time was too positive. Now since it's down, the news is all negative. I guess that's the way Wall Street works.
GM sees US vehicles sales at annual rate of over 17 million. Should have been good news for Alcoa et.al. but right now Dow +165 and AA -15 cents. What a screwed up stock!
Gosh. In another post you made several minutes before this one you said 10's tomorrow and no bottom in sight. Do you have a clue?
Down, down, down. So sad I ever bought into this POS. $16 down to $11. At this rate, Alcoa will be $0 in a short number of months. The only question is when to sell out and cut the pain.
You know, I was trading Alcoa when it was around $8 per share. The company announced that it was closing facilities that account for about 1/8 of it's total production. I sold out because I figured that was bad news. The stock went on to double. Of course now I am back in it so when the company makes that kind of announcement this time, I get #$%$.
Good for you for thinking longer term. How about this then... next month you can have twice as much oxygen as you need. For this month though your head will be underwater. Longer term you will be fine... you just need to get through the next month.
Pathetic isn't it? Alcoa gets no love from Wall Street right now. Something has to happen to get those WS computers turned to BUY from SELL.
Only two of those up days have been for more than 3 cents. This stock performance sucks. Really no other way to put it. I am really sorry I didn't short it at $16 but the news then was too good. I am even more sorry I bought it.
These analysts and their price targets. Their accuracy is about as good as the weather dudes. Really can't tell how much time and effort they put into their predictions. Seems like "10 minutes" is about as "10 hours". Put out content so you've got something to sell over the Internet. Quite a business to be in.
Looks like the market drop at the close would have solved the Greece problem close to two times over. So much for the efficient market theory. This is simply herd behavior (and stupidity).
Reaction is way overblown. Smart people won't be selling today but rather looking to buy. Just my opinion.