Thursday, November 29, 2007
Aluminum Co. of China
ACH (55.75) looks ready to move. China looks like it bottomed yesterday. Knowing that the Fed will cut will start to put the recession comments on hold. Just a few days ago China blamed the US for it's weakness. The US market rallied, and I think China rallies from here, and the volatility premium on the calls on ACH have come out significantly.
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3 comments:
ACH sounds like a good buy. The Fed will lower rates so we can enjoy $5 gasoline. That will put Americans in the mood to pay more for everything, including Chinese aluminum, so they should do quite well.
When am I ever going to get a bullish post? Hedge fund land is still short!
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