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Portguyofva

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Portguyofva

Re: chmcnfunds post# 488

Saturday, 01/19/2013 4:46:26 AM

Saturday, January 19, 2013 4:46:26 AM

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I tend to agree with the MF assessment. I also believe we will see good growth numbers out of China, India, Turkey and a few other places in 2013 which should lead to higher Al demand. Alcoa's cost cutting and efficiency moves the last 3+ years will be rewarded nicely when the global economy expands.

Near term I'm on the side lines and looking for the technical gap between 8.69 and 8.84 to get filled. A coinciding market correction could get AA down to the 8.50 to 8.60 area. I'm targeting a re-entry in the 8.50 to 8.75 range. GLTA!
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