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Replies to #2254 on ALCOA Inc. (AA)

ogbull

11/27/15 11:22 AM

#2255 RE: GoliathVette #2254

Don't get carried away. China businesses are struggling to pay their huge debt. It will get much worse. Moreover, China has no intention of cutting aluminum production... all they said was they would look in to it. If they don't cut, aluminum is not likely to move about $1500 until 2017. Alcoa needs $1600 just to stop bleeding. I might also tell you that we've been here before only to have AA trace back down to $8... and keep in mind that in January 2016 AA will announce its worst quarter in a decade. That should be good for a nose dive for sure.

And, don't count of the split. You will likely be offered shares in the new value-added stock for twice current prices. Then what you gonna do?

US steel producers have been put out of business and no one in our government did anything about it. Were losing all our major industries. Soon, the only jobs left for US citizen will be a shipping clerk in and online store offering nothing but Chinese junk!