Stocks: Anybody own Alcoa? | TigerDroppings.com
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Giantkiller
New Orleans Saints Fan
the big Bee Reezy
Member since Sep 2007
3252 posts

Stocks: Anybody own Alcoa?

Forst of all, I'm still relatively new to stocks. I bought AA when it was at $11.62 last September. It spent 2009-2011 rolling between $9 and $15, and since I bought it, it's been under $10.

I'm tired of sitting there with it. I'd love to get what I paid but getting bored. At what point does one cut their losses on a stock and move on?

Thanks in advance.


Giantkiller
New Orleans Saints Fan
the big Bee Reezy
Member since Sep 2007
3252 posts

re: Stocks: Anybody own Alcoa?
Oh, my b - there's an AA thread already on the page.

ADMIN please delete.


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LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: Stocks: Anybody own Alcoa?
quote:

I bought AA when it was at $11.62 last September.

Then you got royally screwed. The highest price AA traded at last September was $9.93 according the historical price chart on Yahoo Finance.

LINK

The reason I looked it up was I sold AA last September and I got around $9.40/share for it and after reading your post I was kicking myself.

Back to your original question: I sold it because the short and somewhat long-term prospect for AA looks not so good in my opinion. AA depends almost exclusively on the price of aluminum and aluminum prices are 35-40% below their five year highs while other industrial metals are 10-15% below their fiver year highs.

AA won't recover until the aluminum glut passes.


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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26030 posts

re: Stocks: Anybody own Alcoa?
quote:

I bought AA when it was at $11.62 last September.


I'd punch your broker in the cock if I were you


Giantkiller
New Orleans Saints Fan
the big Bee Reezy
Member since Sep 2007
3252 posts

re: Stocks: Anybody own Alcoa?
quote:

I'd punch your broker in the cock if I were you


Well, in my defense, it's a little E-trade account I play around with. I only bought a handful of shares. I just wish I could get the little I paid back.



Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26030 posts

re: Stocks: Anybody own Alcoa?
Well if you need the money soon, I'd say wait a few weeks, research another stock you wanna buy, and pull the trigger. personally I think you're being impatient and its GONNA COST YOU MONEY. If you sell now, you lose about 25% of your investment, you lose the trade fees for both buying and selling your shares, and you lose dividends. Taking that kind of loss after only 6 months would make me sick, but you're only gonna lose if you sell.

In the future, don't buy a stock that you can't hold for at least 5 years.

Unless you day trade that is


Mootsman
South Carolina Fan
Charlotte, NC
Member since Oct 2012
2664 posts

re: Stocks: Anybody own Alcoa?
Wow. I bought in at 8.96 and I thought I got the shaft. I'm going to tryan and sell if it gets above 9.


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LSUAlum2001
LSU Fan
Tier BP
Member since Aug 2003
31143 posts

re: Stocks: Anybody own Alcoa?
It never fails that within a few days of bailing on a stock, it'll rebound and you will miss out.

However, if you keep it, you're guaranteed for it to go down..



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djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
1314 posts

re: Stocks: Anybody own Alcoa?
Word is that China is causing an oversupply.
LINK /

Don't ask me, but you can get a 3 topping pizza at Domino's for $7.99. That's a pretty close trade for one share of AA stock.


Jp1LSU
LSU Fan
Key West
Member since Oct 2005
186 posts
Online

re: Stocks: Anybody own Alcoa?
Aa is a stock I've held for a long time. Way too long probably. I kept buying more to lower my cost basis but it's prolly around $10 a share. The div is weak, but with the amount of shares I own I get a few shares a quarter. I like the CEO, I'm prepared to wait, but it's a stock that will most likely just sit in my portfolio for a long time. If it drops below $6 or $5 I might buy more, until then I'll just sit on it.
One of my least favorite stocks in my stable


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