Message #155 From:
Jason Date: April 9, 2009 02:13:12 PM
Maybe Banks But Not Alcoa AA Stock
Ok, maybe banks are able to lie about their numbers and push out inflated numbers. However, AA Alcoa has to stick with the traditional GAAP reporting. Alcoa's numbers just were not all that inspiring.Why is their stock trading up? Their stock is trading up because investors are in chart shock. They are only looking at where the company was trading a few months ago and not considering the factors which are at play in the economy. Alcoa is significantly affected by an economic slow down and that's precisely what we are in! Watch out below, AA stock is going to retrace IMHO!
