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Portguyofva

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Portguyofva

Re: lloyd20 post# 507

Tuesday, 04/02/2013 11:18:41 PM

Tuesday, April 02, 2013 11:18:41 PM

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No question about it, there is risk in AA. IMO it all hinges on the global economy and I don't believe there is much more efficiency Alcoa can squeeze out of their operations. If aluminum demand picks up, maybe 2nd half, AA could have a good run. I've played AA successfully 2 or 3 times in the last year off the 8 level. Will likely try again. What I'm wrestling with is where the bottom is at. I am anticipating a market correction, and if that were to kick in near-term AA could dip well below 8. Was targeting 8-8.20 for accumulation, but will likely drop that to upper 7s to 8 range. GLTY!
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