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Just curious about what others have to say. AA has been a chronic disappointment it seems since I started investing 4 years ago. I brought it up with my dad a few years ago, and he told me not to even bother with it. So why do others always suggest it? I've bought it on the dips a few times for quick gains, but I don't ever thing I would by it to hold. Certainly it's cheap, but there are probably reasons for that.
Just curious about what others have to say. AA has been a chronic disappointment it seems since I started investing 4 years ago. I brought it up with my dad a few years ago, and he told me not to even bother with it. So why do others always suggest it? I've bought it on the dips a few times for quick gains, but I don't ever thing I would by it to hold. Certainly it's cheap, but there are probably reasons for that.
I own AA right now. I bought it at $9.24. My view was that anything under $10 was a buy and anything over $11 is a sell. While I wait for it to hit my target I am happy to take the dividend which beats what I can get in a CD. I do not view it as a long term hold.
I've been watching AA for a while now and may start a position soon if it stays under $10. I've got a buy target set at $9.98 and a sell set at $17, and will gladly collect dividends while I'm waiting, like Jaggy said. They're not my favorite metals company (I much prefer FCX) but they do represent a good value and a potentially nice return at current levels.
I've been watching AA for a while now and may start a position soon if it stays under $10. I've got a buy target set at $9.98 and a sell set at $17, and will gladly collect dividends while I'm waiting, like Jaggy said. They're not my favorite metals company (I much prefer FCX) but they do represent a good value and a potentially nice return at current levels.
I'll happily sell even at 13. Been stuck for a whole three months now. I did not expect AA to stagnate.
I'll happily sell even at 13. Been stuck for a whole three months now. I did not expect AA to stagnate.
Yea, but everyone has been saying they are undervalued for years. At some point, that line wears a bit thin. Maybe they are so low for a reason? The point of my thread was to ask... Why? I never invested much in it except to quickly sell for a quick profit, so I never really cared about the fundamentals that much.
Yea, but everyone has been saying they are undervalued for years. At some point, that line wears a bit thin. Maybe they are so low for a reason? The point of my thread was to ask... Why? I never invested much in it except to quickly sell for a quick profit, so I never really cared about the fundamentals that much.
The underlying commodity is a good one.
People are always bullish with metals. The world keeps needing natural resources. To make matters sweet, it's a blue chipper.
People are always bullish with metals. The world keeps needing natural resources. To make matters sweet, it's a blue chipper.
You could say the same thing about X as well. That one has burned a lot of people as well though. People need commodities, yes. There are plenty of other, perhaps more competitive businesses out there, especially outside the U.S. Last year I picked up some great Brazilian steel stocks that seemed to perform very well for me before I sold. Heck, you would have made better money on those then the American counterparts. Looking at the charts, X has also been a terrible performer. For a time, I was kinda bullish on it, but never saw very good opportunity flipping it like other foreign competition. Might not be a bad time now though, if you think it will make it back to $60 a share in a year. Per what I've often said, the American business model is not as competitive as it used to be, which is why I tend to avoid U.S. commodity providers. I have no clue as to why CEOs in this country are rewarded so much better then any other country, our companies stink!
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