Alcoa shares are surging on big volume just moments before their earnings release. The stock is up over 10% this week already. It just begs the questions – is this fear based short covering? Is this greed based momentum chasing? Or is this just the sheer stupidity of investors who know more than they should about AA’s results? We’ll find out in a few minutes….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.