- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Tuesday, October 11, 2011
AA - misses consenus.
"There's a bigger decline in price so far in the 4th Quarter and seasonally it's worse" as reported by Reuters on Aluminum prices.
The actual numbers are almost double for the same quarter from last year and they site "fear" of Europe driving the lack of demand impacting auto, industrial, construction, & packaging industries as most aversely affected. Whereas aerospace & transportation sectors have shown demand and growth.
After hours quote is below $9.63.
I always watch Alcoa's earnigs as they kick of the earnings reporting and Aluminum is widely used acoss industries.
It will be interesting to see f this begins the next leg down.