Stocks: Anybody own Alcoa?

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

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

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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.

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

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..