AL.TO - Sell

Chart of AL as of Aug. 26, 2005

Sell Price
$40.55 Cdn

Company
Alcan
Mining and processing of bauxite; the refining of bauxite into alumina; the generation of electric power for use in smelting operations; the smelting of aluminum from alumina; the manufacturing of aluminum, aluminum alloy and non-aluminum materials into semi-finished and finished products; the recycling of used and scrap aluminum; the distribution and marketing of Group products; the production and sale of industrial chemicals used in the aluminum industry; and research and development. Manufactured products include rolled foil for food packaging; converted flexible packaging for non-durable consumer goods, pharmaceuticals, and cosmetics; rolled lithographic sheets for offset printing; cable for electric power transmission and distribution; and extrusion ingot for sale to other aluminum product fabricators.


Reason
I don't like stocks when they finish down in the last hr. of trading, and that's what this had been doing. The chart would seem to indicate they have a lot of potential upside...just feels like it's going to $35. Also, I don't like any company who needs that much power to make their product, because that means they need to buy natural gas or something similar to generate it.