surfs'up are you for real?
yesterday your sentiment was buy. today your sentiment is sell.
Alcoa is up 5.5% at the moment during US trade and its a fairly solid result for the way the markets have been lately and resources. What makes you say this is going to $1.20?
How do you know Alcoa is going to win? how do you know that Alcoa and AWC won't come to an agreement regarding the break up / capital structures / marketing rights etc?
I'm currently looking at the short position summary for this year at on the 4th of January 2016 AWC short positions were 12.97% and nearly getting as high as 15% that month
On the 6th fn this month the shorts were around 8% and on the 5th they were 5%. Overall it has been trending downwards from the 9% mark till mid to low 8's. Now go look at the chart for AWC in the last 6 or 7 months. From below $1 upto nearly $1.50
The market has known about this little spat for quite a while now and point is nobody has panicked. Those instos are actually quite smart. Because I think they're looking ahead at the bigger picture and regardless of the outcome they are probably starting to see some longer term value in the Aluminium / resources sector and gearing up for it.
I wouldn't panic.
- Forums
- ASX - By Stock
- AWC
- Alcoa earnings
Alcoa earnings, page-9
-
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)