Fed can pop commodity if they delay rate hike to March 2016. I see signs that Commodity can pop 100%.
This thing is moving towards tens..Those 3s was ultimate prize. I dont have rock bottom but decent entry in. happy to hold 4.34.
These losses were already expected. I have never seen commodity stocks moves away from their correlation to aluminum. Not a tech stock, things were already known,
CENX roller coaster ride will resume today, back to under 4$. My entry point under 4 anywhere.
You are right. it wants to go under 3.50 are and then come up. It will go there for sure. I will not touch this one until it goes there
It is all about Rate Hike. Street does not want it so creating scare for Fed. Tomorrow market gives up 300 points or more. Wednesday no Rate Hike and no rate hike until next year. CENX goes up.
flushing has not occurred yet when it does I will get in. I don't like low volume, it steadily goes down. I have done two attempts to go long. One in 5.47 and second 4.66. Third will be in 3ish.
I was thinking it will bounce after non-stop selling but appears Aluminum chart looks super ugly and CENX just follows it. I initiated position at 4.66 and liquidated entire 4.32. I have no idea where the bottom is so no point in holding. If it bounce I am going in again because it will go up 6.5.