Loose Lips at Alcoa?

Well when you have the SEC busy prepping their resumes and fighting off congressmen its easy to let some things slip by.  This could be the case today when the AA ramp up started around 3:30pm right before the close and their surprise “in the black” EPS numbers.  You can really see the big gorillas in the last minutes loading up on this with the volume spikes.   Im guessing that right about now they are enjoying a nice steak at Luger’s.

One thing that I find funny is that if you look at the Alcoa numbers year over year:

• Q3 revenues are down 34% from last year
• Q3 EPS is down 75% from last year  (q3 2008 $0.33 vs q3 2009 $0.08)
• Q3 Profit down 71% from last year
• Stock price last year $14.71 … after hours tonight $14.99

Well I guess we can throw them the ol “the market is forward looking” bit to get the market pumping on this.