Yes it will, not to mention icahn has been very aggressive lately in general in buying commodities on the cheap, with the kind of liquid he has he will be able to move this higher significantly from today's share price. Even with Chesapeake, he bought around 12 I think and it traded as high as $31 I believe, he nailed that one, just didn't sell it. Massive gains to be had in this sector, wish the market was open Monday lol
...which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur
Icahn’s investing firm filed a Hart-Scott-Rodino Act notice about a week before it went public with an activist 13D, alerting regulators and Freeport that he intended to buy as much as 25 percent of the company, two people familiar with the notice said at the time.
Mining company Freeport-McMoRan Inc has hired JPMorgan Chase & Co to help it explore options, a person familiar with the matter said on Friday, after activist investor Carl Icahn called the company undervalued and asked for corporate changes.
Was that a Freudian slip. You typed this computer not his computer? :-)
I will take over this company if it ever reaches $4... but I doubt. As per my analysis this will be $20 in few weeks time.... mark my post.
Sentiment: Strong Buy
I think it's just a technical move. Could be related to opt exp? Vol on the $10 Calls expiring today is large for this one, ~6.5K. Could just be the HFT's and Algo's gathering cheapies earlier and running it up to sell. It's a machine game now, humans are just...grist for their mills (if yer not careful). In any case watching it closely to see which way it breaks...I'd gather in a buy side tranche as a trade earlier in the day (in the upper $9.50's)...sold it in the upper $9.80's a few minutes ago. Bird-n-hand stuff....I've now rest my bid back down where the first one was...just waving it and watching....god knows what might happen between now and close (~2hrs away)...and then we've got all the worries of China coming back "on-line" Monday which could make for an interesting set-up on the domestic scene since we don't open until Tuesday.....
I was curious about the same thing. I'd opened a trading position at ~$9.58 early in the session, then turned away for a time only to return and see it at ~$$9.90. It was a bird-n-hand trade not to be ignore so I pulled the trigger in the upper $9.80's...now watching to see if I can catch a yank-down between now and close...
I seriously doubt $20 in one year, but do agree down here in the $9's (current bid $9.80) the value is compelling. I've been acted according. ;-)
What are you talking about? Gerald Ford died in 2006. Maybe his foundation bought? Whoever this Gerald Ford is, it's not the former president.