It looks like it is going to trade a new record level of volume. I believe today is the panic capitulation for Alcoa.
More than 3 times normal volume... Just broke the all time volume record for AA.
Long and strong at $5.48.
Also got filled on a small position in UYG ($2.25 limit order I threw out there pre-market)
I am prepared to add to my AA trade if it retests $5, I only bought half the amount I wanted to buy. If it breaks much under $5 I will sell it but I have no hard stop entered.
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I may average down another couple hundred on this one myself.
ReplyDeleteBought half of the remaining half I planned to buy at $5.30
ReplyDelete1 more bullet left, that buy will take place at $5 if we get there.