Trade Blogg Ideas Inter Alia Message Board

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Pastimes : Trade Blogg Ideas Inter Alia

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From: Rutgers	7/12/2007 9:42:36 AM
	of 285

AL - Rio Tinto apparently outbid Alcoa. Wow! Not gonna forget this one for a looong time. What's really, really interesting to me is that it was only a few short weeks ago that this puppy was in the $50 range, then moved to $60 range as rumors began to surface, then one morning shot to $80 range after AA's bid was made public. So, let's give the EMH a do-over because to be fair to Burton, I think he acknowledges that there can be some short term inefficienices (which are corrected over time), but how do you possibly explain another 20% move like this? You can't. Efficient my ass. Although AA is also up on the news, percentage-wise, AA may have a lot more legs. It is currently trading at $45+, but - all else being equal, a run to $50 range should be like taking candy from a baby. ;)

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