Username Password
S&P 500: 1,317.11 Change: -0.21%
rjm77me
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : aluminium Stocks

Date January 6, 2010    Comments Comments (11)    Rate this post Recommend This Post (72)   
Bookmark and Share
Abuse this post  Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Share ThisShare This
Free Options Trader Guide
Keep an eye on aluminium producers like AA, KALU, CENX.
I will be buyer of AA on any weakness and hold in personal account for 3 months (I normally do not hold that long - will be willing to hold small position and trade short term for part of position)

Aluminum Corp of China (ACH) gained 4.85% as Shanghai's benchmark third-month aluminium futures contract rose by its 5% daily limit from the previous session's settlement price to 18,045 yuan.

Non Aluminium secondary plays are TIE ans HXL - will ride on boings coat tails as production ramps and as they raise prices in line with Aluminium
Tags : TIE   HXL   KALU   CENX   AA   ACH  

11 Comment(s):

Author JoeJustJoe     Date January 6, 2010 13:30 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
First...CENX will be trading belowst 12.25 within one week....second....you'll be too skeeerd to "buy the pullback"...third, here's the "correct" play in the seckter >>> SMN...More of my "patented" pennies from heaven in fackt. I just bot some Jan $8 dollah calls at .10 centavos. Less than 8 trading daze left to expiry! :o Yes sir n mamaola...it takes ballz ta duble yer money. *-) It takes even BIGGER ballz to say "buy the pullback" whenst the stock you loved so much at never to be seen again pig levels is collapsing into the abyss belowst. Trust me....you will NOT say "buy the pullback" in any of the playz you listed. :-) 3J
Author Burtman     Date January 6, 2010 13:35 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
This will be interesting.
Author JoeJustJoe     Date January 6, 2010 14:27 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Burtski, methinks it'll be more along the lines of hilarious. But like I told ole Vet....one sho sign of impending doom is whenst fokes at sites like this fine establishment right cheeeya "finally" notice that a stock is sooooo GOOG that they gotsta blog da beitch :-) I wonder ifn Bullski realizes his DOG is about to start barking loudly. Here be 'the numba" on thatn >>> 51.44. *-) 3J
Author rjm77me     Date January 6, 2010 14:38  Edited: January 6, 2010 by rjm77me Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Hey 3J
Did you read my post correctly before you start writing with the wrong end of pencil again.?
I said keep these stocks in watch list and am buyer of AA on pull back. I went long ACH some time ago and ready to take good profit with real money.
You could have traded TIE today and bought your self a nice dinner and may be for your sweet heart - have a profitable day
Author JoeJustJoe     Date January 6, 2010 15:52 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Thaaas right....I herd ya say "buy the pullback"....and that's what I wanna see. *-) And doan be like Sporthunter and make me tell ya whenst to buy the pullback none neither. Just grab a sssshnicker's bar and whenst the grandkids are finished with college ya "might" hear from me on whenst ta buy the pullback in CENX *-) Now watch me have yer lunch with TIE. Try n relax a tad, fellah. :-) 3J
Author sporthunter     Date January 6, 2010 16:24 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
JJJ - Should have bought CPST at .77 when you had the chance.
Author JoeJustJoe     Date January 6, 2010 19:00 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Sport, I didn't wanna take advantage of you whenst you were capitulating out of yer shares that you bot at 1.35. Besides, .77 wasn't even low enuff for my personal taste since I try and avoid buying .20 centavos stocks like CPST fer .77 centavos. And of course you already know how I felt whenst you came back after having yerass handed to ya with a 40% loss and tried to wreck-o-mend it again at 1.45. Ya done the "correct" thing by capitulating early this time. Oh look! CPST is at 1.45 again. Too bad you capitulated but it's not to late to wreck it...ifn yawnto of course :o Like I always say....panic early and avoid the rush. In your case it is also "OK" that you don't use stops but also don't inform fokes when it is the "correct" time to buy like I had to do with CKSW for instance. I'm more than happy to take yer sheeeyit and make it better...as long as you are learning sumphin. Don't ferget...I have no objection to you sending beer in gratimatude. *-) 3J
Author JoeCole     Date January 7, 2010 04:51  Edited: January 7, 2010 by JoeCole Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Thanks RJM, looks goog, I like aluminum stocks too, especially when the news commentary continues to say supplies are too high to justify lack of demand, etc, etc, when it's obvious why prices are going up. I plan to pick up one of these you recommend. JJU just moved into positive trend.
Author rjm77me     Date January 7, 2010 09:11 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
AA pulled back today - I am waiting for AA earning and will buy on any further weakness and will try to hold depending on price action - Thanks Joe for your note
Author JoeJustJoe     Date January 7, 2010 13:10 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Errrrnun?!! LOL "luckily" fer you AA still needs to trade back up thru 17.06...so I'll tell ya right now....thur errrrrnuns will be GOOG. Of course you end up chasing the rally and gettin yerass kicked. I won't tell ya wherst me long term target is fer AA or CENX just yet cuz yu'll ssssthink I'm nutso. But lemme jist say this right cheeeya. They will both be making new 52 week lows. *-) 3J
Author rjm77me     Date January 7, 2010 15:36 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Agreed with you insight. I do not know about your targets - I will be buyer of AA around 15.50 and 2 year target is 28 - short term 6 months 21 and will use 14.50 for stop loss. Nothing is stopping us for taking 3 to 7% profits or loss. One should takes profit and loss in same stride and sure loss is lot more pain .....JCP was bit of pain today. I lost 20 cents by end of day on JCP.
Financials like STI, JEF, BKE, GE made money in trading account.
J3 Have a wonderful evening by the fireside and glass of wine for well deserved day.
Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.
Sponsored Links