The day we sell is the low point. It will begin it's rise the next day. You will ask yourself. How do it know? This has happened before to all of us.
If you are a proponent of the buy low....... sell high philosophy, this stock will soon qualify as one of the greatest upside potential stocks to invest in the entire market. As a cyclical, this +$60 stock from three years ago has to be near the bottom. Current low inventories will soon have a positive impact on the supply/demand pricing. An earnings surprise within three weeks is all that is needed to start the inevitable run up. Additionally, FCX has added significant assets since the +$60 pps by purchasing/diversification into oil and also expanding many of their own mining sites internally. That means good times pps will far exceed the former $60 pps value and now just a matter of time to earn your double or more. If world turmoil causes the stock market to crash like some predict I want to own companies like FCX with real assets rather than other alternative companies with "virtual potential earnings". Do the math.
Should revamp that short, check out the november puts.. this things headed to 29
did sold out at a loss. not to bad was in at 32.85 and out at 32.74 went short again and covered yesterday just watching from now on
I think it was an easy sign to see when an institutional investor bought 15000 contracts in one block for Nov 30 Puts....... If you hopped on (like myself) then you would be up 68% like me:) down down downnnn
Come on be nice. The indo pit mine is closed right now do to a worker strike, so the under 3 is not important. What will be important will be when the next union/country extortion begins, say higher wages, improved working conditions and increased taxes and royalties. Meanwhile, if they even hint at another disaster in the drilling program, look out below.