Open Question
Does anyone like Alcoa on a pull back here?
I'm wondering if there will be a decent pull back after earnings, and if that
might be a good chance to get in.
I'm not looking at this as a trade, but rather as what might be a good long term
opportunity. One that might take a while to pan out, but that shouldn't have an
unbearable (to me) amount of downside in the meantime.
They are still the largest aluminum company out there...
Page 1 of 1
What is happening to aluminum right now is that the Chinese Govt is going to
impose a import tax soon on it,(probably May cuz they were holding off until G20
so they wouldn't be accussed of protectionism)....so at this point China Biz
People are trying to gobble up any and all cheaper Al before the tax goes into
effect...thus, AA is moving up nicely with the price move in Al...problem is,
when that tax goes into place...ouch to the Al market (yes, China Govt is buying
Non-ferrous metals for stratigic reserves...but not as much as China Business
People)...for earnings...if the Right Question is asked by an analyst, AA will
tell them they see no demand outside of China at all...and with that Tax that
could be gone too. So risky a play...but if you believe we are at the bottom and
demand will go crazy, why not...but for me..just call me someone that doesn't
believe this is more then a bear market rally...but we will see.
Rate Now:
Average Rating: 0.00 / 0
"largest aluminum company"...
it is one of the largest...
RUSAL is the largest,
but is it good or bad to be so large?
Rate Now:
Average Rating: 0.00 / 0
makeup your mind. are you investing or trading? if your investing for
the"long run" what's wrong with the price right here? you think this
is it's top? don't bet it all at once, buy more on pullbacks.....your
"investing" for the "long run".
Answered by fine tune your disciplines
-
Bookmark this User
-
Ignore this user
1 months ago - Report Abuse
1 months ago - Report Abuse
Rate Now:
Average Rating: 0.00 / 0
Page 1 of 1
