Posted on 03/01/2013 6:44:22 AM PST by dennisw
That’s not really much to go on but thanks for the reply.
You want more? Okay. I’ve looked at AA before with longing eyes. A sane person would think why not AA? The automobile industry and airplane industry need aluminum and lots of it. It all makes sense. That’s the problem. The market does not always make sense. I’ve seen companies blow out the numbers and drop on price. I’ve seen insane P/E ratios. CHKR pays over 15% dividend. My heart wants to buy AA but the 5 year chart tells me no no no. When the market appreciates AA then you can buy. That could be 2-3 years down the road. You could be making money until then. That’s just my take. If you want to buy it, go ahead.
The NY Fed is the real Fed that pulls the easy money lever and the interest rates levers. It tries to influence rates but to an extent it is just surfing a wave. The main Fed HQ in DC is there to schmooze congress and the president, to collect tons of statistics, do tons of studies. DC Fed is the PR wing of the Federal Reserve. To a large extent it is a liberal and affirmative action hiring program. They put out all kinds of lib BS how the minorities were discriminated against on mortgages... helping to precipitate the housing bubble and bust. Plus the Fed forced banks to do crazy minority mortgage lending
Thanks for all your posts and wisdom, the hard work.... I’ll keep putting this thread up there each day, Maybe Saturday Sunday too when some freepers have the time to post
Don’t thank me. My opinion is free. And that’s about all it’s worth too). You have hedge fund managers lose millions and they have resources and experience I don’t have. If they can get it wrong, then you know it’s hard for the players at home to get it right as well. I scale into positions and scale out (if I have time). I have to be right 70% of the time to meet my personal goals. An occasional 3-4 bagger makes me forget the stinkers I lost money on. No, I thank you for pinging everyone. Good luck.
OK!!!
I second what BB said.
I check this thread every day. I’m on a project with an insane schedule right now, so only a few posts. Usually the market has been closed for hours, even the aftermarket, by the time I get freed up to post. By then, it’s all over but the crying (or the counting).
Thanks for the pings!
Please add me to your ping list. Thanks.
Sure, but what I was referencing was the hot money schedule. Lower levels of Fed money, plus sky is falling because of sequester blather may make for a rocky March.
Please add me to the ping list. Thanks!
Pretty confident I will get some profit out of these. AA price seems too low now. If it goes any lower I will average down just a bit.
Sure it seems that way. But what is the catalyst to move it up? It will move up . . . someday. I'm just not a big believer in the "recovery" myself. The materials sector is out of favor right now (FCX is starting to look attractive). My heart says yes to AA but until we see an upturn in the economy or the charts, I'll watch. So yes I do like it and no I don't (check out my name). I have to go with what will make me money now but keep an eye on AA until I see a move. Options is a smart way to play it. You'll do okay.
TODAY’S MARKETS THREAD-— http://www.freerepublic.com/focus/news/3011705/posts?page=1
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