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Alcoa (AA) - Needs a Better Brillo
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Posted on 02/05/10 at 7:55am by Sleibhin
On January 19th I suggested that Alcoa (NYSE: AA) was a good candidate for shorting at 15.50 . The initial target of 14.67 was easily surpassed with the stock price reaching a low of 12.26 . A conservative investor, with an entry at 15.50 could have gained 3.24 per share exiting at the low.
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