I thought it would drop below 14 yesterday to test the bottom but got lulled into a false sense of security when it went up all day instead. I didn't sell yesterday because I thought it would continue up today. Big mistake! However, a bigger mistake would be to sell now, like I did at 13.60 last Tuesday. There is very strong support at around 13.60 so I will hold at these levels. While it may test the bottom at 12.86 again, if it does, I believe it will soon be back over 13.60 again and heading higher.
I agree. They tricked me. I sold everything after it worked its way back to 13.60, planning to buy back when it dropped to 13 again. Instead, it just kept going up with no major corrections. I've been watching it go up from the sidelines ever since. All the weak holders like me were tricked into selling by the downgrade when the stock had actually bottomed out before at 13.63. That extra drop to 12.86 was just the final capitulation and gravy for the manipulators.
You were a little early on your call, just like me, but hopefully yesterday at 14.47 was the bottom. When it started it's last big drop, I thought a bottom of 15 was unlikely and the worst case scenario in the short term. Well, it's always best to prepare for the worst with volatile stocks like CENX. Of course, the flip side is that they have the potential to shoot to the moon, so don't give up too soon.