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$30 - $40??!!! what are you thinking.
I have been trading AA for about 9 years. Bad read....
Sir it won't happen....period
Hate to pull the I told you so card. Not sure why everyone was against it. This Company messed up and will continue to.
It is down and going down.
Not even close....went deeper position; 25000 shares
Haha, what does that even mean?! So I should buy it because my Mother works there?! Not a chance in hell....that would be called stupidity not a strategic analysis! Oh Mom! I feel so sorry for you let me poor money into a Company that I know is failing at the moment and on top of that failing our family! Does that even make sense to you or were you messing with me?
What are you talking about with checking my news? I am short on this Company....don't need to read the news my Mother works for the Massena plant. My news is first hand....I would agree that the bottom is around the $7.90ish range but this market is bloody red!
DWMS, I apologize I worded that wrong with stating that you went prematurely. I totally concur on the profit gain is more important than the rollercoaster ride. I can't watch the idiots that get to run their mouth on public TV either. Add them to the list ;).
They always have big orders, the ones that matter are the contracts for continued supply during the fiscal year with growth and fulfillment during the quarter. Orders happen all the time, the question is did they meet the contract order or exceed it.
You went prematurely. This is going mid 8's....i am still riding the wave, this was expected but way sooner than I thought it would hit. It will continue to drive down....NY is going to put the shaft to them and force their hand. They are not going to turn the numbers in the next couple quarters that they need to in order to justify these closures up front. As I said before short the Company lots of room to play still, at this progression my analysis was high....look for low 8s.
The agreement between Massena, NY and Alcoa to keep jobs open in return receive a discount on energy resources is mute at this point. Alcoa stands to make more in the long haul taking the punch to the face up front. Massena plant wasn't producing but the cost benefit analysis would show that it was producing as well as it needed to. PPS will drop in the coming weeks and more so in the next month...short position for now...turn around will come next year when it balances. Long term looks good but, it needs to get through this rough patch.
Here comes another tumble
This Company has been back and forth, back and forth with the trades...inching it's way down here....either someone is doing some large volume buys and sells for a few pennies or...
Not to mention all the folks that are getting basically fired....they are pulling their investments with Alcoa (Alcoa's 401k is centered around their company stock, they do a matching retirement) Substantial amount of influence there. It will tumble more due to those actions.
Good read...I believe that you are on point. This stock is about to let go for a little while, shorting it all day long...I went in deeper on my short position. Give it a week and it will be trading mid 8's if not less...see you at the payout.
We be killing it....huh....I thought we were going to $84?! Man all I see is Apple just lining my account...huh....I just don't understand where this $80k extra dollars came from....oh that is right my shares of Apple. Guess there are some who should have believed.
Sold short @ 9.55, 10k shares....running. Expect more drop out of the bottom of this China is going to bend this stock to mid 8s. My family was laid off by this Company....New York plant.
The only thing is, don't focus on just aluminum with Alcoa and if you do contracts are signed with organizations already...so sales are projected and set for this quarter's shipment. This Company is so understated if it dropped any lower I would be surprised
but this is the bottom in my opinion...
Expect this stock to climb late today...this is a long haul unless you are deep for a short term but don't expect to squeeze a healthy percentage in a short term.
Not after-hours....positive outlook but it dumps .26?!
Shorts are leaving and if they haven't, well then they can keep buying all my materialistic stuff for me....no worries here...I love my 2nd amendment and fast toys.
Definitely, doing very well...underperformed from my expectations so I will see what happens from the sidelines.
Been gone since $118.12.....Not a bad run...it will come down in next week, but until then....best of luck to all.
Tomorrow will tell if it will hold. history would show that it will go down and we will play this game next quarter. See what the conference call yields and go from there. Good job everyone.
earnings are out...we beat
That was nuts....115.70
And we broke 117
1 hour of after hours purchase....this will show a little more.
5pm conference call.
The last 5 ought to be interesting....that will tell all.
Here comes the rush
This is getting worked....
There goes $11k hahaha
Someone will drop the hammer towards the end...
Everyone is a dumping...should have waited for a lower price point today...$115.18/11000 shares deep...depending how this goes in under an hour, I may not hear the end of it. This is not the expectation, earnings will beat expectations....odd.
Holy trade city, that was a volume eruption....this ought to be an interesting hour.
Pandora was demolished by Spotify