Wednesday, August 10, 2011

I Wouldn't Be ForexDiva If I Didn't Buy...


Just got into CENX @ $9.43, although didn't even get a chance to blink before MS and STO started retracing on me.

If Glencore is still behind CENX, we have very little to fear.

This was part of a one-cancels-all order and BCS was included @ $10.53. CENX was the one that got hit, but if I wanted to risk more, I would get into BCS too. BCS is trading at Price/Book and Price/Sales both below 1 and a 3.27% dividend yield. What more could a diva ask for? CENX is similar - only without the dividend. But I have a bias towards commodity plays...

I'm watching the 5 day charts and awaiting range-bound action to signal a potential bottom.


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