Delta,
Alcoa was down last friday in NY and yet AWC was up, Alcoa has been dowgraded to a sell by one of the big brokers in NY and they expected the report to be not so good and Citi downgraded AWC to a sell, I don't pay too much attention to brokers as I rely more on my TA and FA but we can't totaly ignore brokers completely either as they hold some position themselve and instos are the ones that can move price up or down more than traders so I like to be cautious and not carried away ahead of Alcoa result.
Chart still looks ok and aluminium price is getting stronger again, I have increased my position not in AWC yet but in BHPs and some others in anticipation of ASX 200 breaking 5000.
Cheers,
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- so far so good
Delta,Alcoa was down last friday in NY and yet AWC was up, Alcoa...
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