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IntheEndWeDividend
Oct 9, 2022 8:53 PM

We are definitely going to see a plunge down after earnings. Short

Alcoa CorporationNYSE

Description

I think we're going to see a dip to mid $20's sometime in November before we see any movement upwards. Long term it looks like it wants to settle between $37-$40 range for a fair price. That's plotting the chart from 1987 till now. Using also a fib from 2020 to present day. They are also going to report a -$20 million dollar loss on their earnings report this October if you look at their SEC Q-10 form filed. I think that's definitely where we'll see the plunge to the mid $20's. Every other linear regression line I've plotted with different extreme lows and highs from 1990 till now, have it within the $35-$40 range. I've written some CC's and bought puts to collar my trade expiring deep into 2023. I go my parachute ready lads, I suggest you guys do the same.
Comments
zAngus
Greetings, well done on sharing your first post with the community. We hope it was a fun publishing process. Happy trading :)

From mod @zAngus
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