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Started By
Message
Just bought some Alcoa.
Posted on 6/14/13 at 2:30 pm
Posted on 6/14/13 at 2:30 pm
It is sitting at 8.15 right now so threw in an order for ab 450 shares. Will sell in a month. Hope it's running close to 9 but that probably won't be the case, it'll probably be more in the 8.3-8.6 range.
Just thought I'd let you guys know.
Just thought I'd let you guys know.
3
Posted on 6/14/13 at 2:44 pm to Mootsman
SInce i replied first i get 25% of all profit
Posted on 6/14/13 at 2:47 pm to jimbeam
I'll give you the div if I end up holding it longer than expected but only becuase it was such a well thought out first reply.
Posted on 6/14/13 at 2:47 pm to Mootsman
quote:
I'll give you the div if I end up holding it longer than expected but only becuase it was such a well thought out first reply
Is it still 0.04?
Posted on 6/14/13 at 2:48 pm to Mootsman
I probably shouldn't even post... but what are you basing your price/share range and/or holding period on?
Posted on 6/14/13 at 2:53 pm to Mootsman
Posted on 6/14/13 at 2:53 pm to Mootsman
In a month AA will be under $8.10.
Posted on 6/14/13 at 2:53 pm to Cmlsu5618
Time Frame
I work for a brokerage so I have to hold at least a month.
Price
Stock hit's huge resistence at the 8.00 level and only once, for about half a day it traded under 8. .15 above 8 isn't a bad price to buy as there were only 3 short opportunities to purchase it this cheap in the past year. Avg. Price is about 8.6 so as it rebounds from the short term market correction it will reach around this level fairly short term. Target price of 9.38 would be nice to hit but it won't happen.
I work for a brokerage so I have to hold at least a month.
Price
Stock hit's huge resistence at the 8.00 level and only once, for about half a day it traded under 8. .15 above 8 isn't a bad price to buy as there were only 3 short opportunities to purchase it this cheap in the past year. Avg. Price is about 8.6 so as it rebounds from the short term market correction it will reach around this level fairly short term. Target price of 9.38 would be nice to hit but it won't happen.
Posted on 6/14/13 at 2:54 pm to LSURussian
quote:
In a month AA will be under $8.10.
Why's that?
If it is a .05/share loss isn't too bad. I have the cash sitting around so I needed somewhere to put it. Seemed reasonable.
This post was edited on 6/14/13 at 2:55 pm
Posted on 6/14/13 at 2:56 pm to OnTheBrink
quote:
Is it still 0.04?
.12 Prefered stock yield is at 4%
This post was edited on 6/14/13 at 3:00 pm
Posted on 6/28/13 at 10:40 pm to LSURussian
quote:
In a month AA will be under $8.10.
It closed at $7.82 today.
Posted on 6/28/13 at 10:57 pm to LSURussian
Russian do you like it here? Aluminum prices seem to be at 2009 levels but i read this
quote:
If as they say every $100 per mt in price movement means $240 million in bottom line change how can anyone expect a profit at AA this year? Their profits for the year ended 2012 were $191 million and the LME price of aluminum is off now almost $250 from their average 2012 price. That equals an income statement impact of 2.5*240=$600 million.
Posted on 6/28/13 at 11:01 pm to ThaBigFella
quote:
Russian do you like it here?
No. It will go under $6, imo.
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