Macro Story - Aluminum is a key commodity and Alcoa is a major provider
Fundamentals - Book value $13, tangible assets, high volatility
Technical - Some support around $10
Risks - Too tied to metals price and global growth makes it highly cyclical
General Strategy - Acquisition under book value begin to unwind positions at $14.
Money Management - Capital allocation divided into 2 positions.
Initial Position: As of the initiation of this blog a 1/2 position was established at an average price of just under $10.