Century Aluminum Spanking (CENX)

Posted in pre-market 
August 19th, 2009

Century Aluminum Company (NASDAQ: CENX) is getting clipped this morning after yesterday’s gains.  Today’s  weakness may be more market-related and Alcoa-induced.  We have shares down 6.6% at $10.77 as of 8:34 AM EST on 20,000 shares.  This traded almost 6 million shares on average per day and the 52-week range here is $1.04 to $51.46 (real range)…. Be advised that this stock has run from $5.00+ in early-July to almost $12.00 last week.  Volatility here may be an understatement. We will not bee too shocked if there is elevated options trading in the PUTS and CALLS today. -JON OGG

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