Fly on WallStreet: Aluminum Prices Poised to Run

Thursday, April 12, 2007

Aluminum Prices Poised to Run

Look, I despise looking at charts. However, my chart guy is alerting me to the fact that aluminum may be on a verge of a breakout.

In recent weeks, copper, lead, gold, silver, nickel and zinc have exploded to the upside. The only laggard has been aluminum. Don't get me wrong, it's up-- but not much.

If you believe metal prices are extended, stay away. However, if you are like me, big aluminum bull fucker-- take a look at CENX, AL and even AA.

NOTE: For every .01 move in aluminum equates to .15-.17 per share in earnings, for CENX. By far, the most levered stock-- to the price of aluminum.

# posted by Broker A @ 1:49 PM

Comments:

Indeed, if woodshavings were here he would be drawing a symmetrical triangle all over that chart.

# posted by

Anonymous : 2:06 PM

Where is he?

Out drawing fucking lines on his new house?

# posted by

Broker A : 2:07 PM

What would you buy NTRI up to? I don't have a position in it yet. Any thoughts on if its made too big of a move? If they beat on earnings these shorts will shit their 40% position out.

# posted by

Anonymous : 2:50 PM

As Erin Burnett put it..."We're up fifty dollars on the Dow."

# posted by

digitaldoofus : 2:52 PM

CNBC is for asshats.

# posted by

Eli : 2:58 PM

"asshat" would be a promotion for Erin Burnett.

# posted by

digitaldoofus : 3:00 PM

NTRI runs to $70.

In my opinion.

# posted by

Broker A : 3:00 PM

Digitaldoofus is a major Erin hater. I don't understand the animosity, perhaps she refused to blow him. I don't know.

I'm curious what the consensus is about Erin among the readers of The Fly's retarded blog. Any chance for a poll?

# posted by

MaggotAtBroad&Wall : 3:20 PM

Sorry Maggot--

No chance.

# posted by

Broker A : 3:25 PM

Erin is completely lost when her teleprompter runs out. A total airhead. It's rumored that in her first job where the business had two owners, she could never figure out why she shouldn't be paid twice the minimum wage (once for each owner).

# posted by

digitaldoofus : 3:31 PM

I'm here fuckers. Had to take the mutts to the vets.

That is a nice chart though Fly.

# posted by

Jeff : 3:38 PM

Wood-

I hereby order you to "analyze" the chart of aluminum for the internets and post it on your blog.

A nice link whore will soon follow.

# posted by

Broker A : 3:40 PM

Fuck, I missed this comment. Sorry, day late, dollar short.

# posted by

Jeff : 3:14 AM

Fly on WallStreet

Thursday, April 12, 2007

Aluminum Prices Poised to Run

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