You must be SHORT and Hurting. GOLDMAN SACHS, upgraded AA to a buy and $11 tgt
AA up and price of aluminum was down $1.50 today the dow was barely up at all on the day. Overall not a bad showing for AA. See late volume pour into ALCOA at the Bell.
AA acting great got the Goldman upgrade, and would have hit 10 or higher had the price of Aluminum not been down $8 today.
meant to say get out of their shorts
Shorts are going to step on each other trying to short pretty soon. AA acting well considering most metal stocks have been in a down spiral.
AA did not do that bad today considering the Dow down 66pts and Aluminum prices down $13
Aluminum prices fell as well as the market so nothing really unexpected in the price of AA. When aluminum prices rally like they did yesterday, then the shorts will run to cover quickly.
MOOHAMMED, you have your facts WRONG, Jim is not the Alpha and Omega. He is just a guy who use to live in his car, and found out he had a knack for leading sheep like yourself to the slaughter house.
Yes the Dow was up 70 pts and AA only up a measly 7 cents, but aluminum prices were down $14 bucks at one time today so all in all not a bad showing today
Constellium (CSTM) designs and manufacture rolled and extruded aluminium products, primarily for to aerospace, automotive and packaging markets. This stock closed up 9.4% to $18.85 in Friday's trading session.
That Whipsaw in price last week took out most of the investors with weak fortitudes, and now they want to kick themselves because a nice Positive Seeking Alpha story appears over the weekend.
With those Huge drops in the past few days, anyone who jumped ship are long gone, and the ones who just got in probably have gotten in at a bottom or near bottom price.