Short Alcoa says Brian Kelly. Really? He’s been wrong once, will he be wrong once again?

Brian Kelly is short Alcoa since March 11th. I know Alcoa was trading at $13.70 then. Here’s the link when he first suggested shorting Alcoa.

http://www.cnbc.com/id/35825399/Your_First_Move_For_Friday_March_12th

Again last Friday, Brian Kelly won’t give up. He is suggesting to short Alcoa again as the market is extended.

“I’m also short Goldman as well Alcoa [AA  14.27    0.16  (+1.13%)   ] and ACH [ACH  25.20    0.09  (+0.36%)   ], reveals Brian Kelly. I agree that the market is extended and the next move is lower.”

Come on, Kelly. Is he getting desperate over his short position on Alcoa?

Alcoa usually rallies towards its earnings on April 12th. Furthermore there are many pros that may lift Alcoa price such as the increase in USD index and Aluminum price. Analysts such as Citi, UBS, Argus have recently upgraded Alcoa to buy. I wonder how Kelly is trying to convince people to short Alcoa.

I am long Alcoa Inc. And I foresee a price target of $15.30 next week.