let's make a wage...oh, that's right the Copper mines in Chile, #$%$ .....hehehehehehehehehehehe
all the funds that are short companies with debt in a rising rate environment have sent out memos to their traders to cover. Haven't you received one yet? We are not in a rising rate environment as of last friday. Short VXX and buy Avago, FCX, Glencore, Teva and every other company that levered up to grow.
Company has huge debt, oil and copper are at all times lows and are not going up significantly anytime soon and you know it...... FCX is an excellent bankruptcy candidate... but before that happen old Icahn will have sold and made a killing off you retail pumping clowns ........
You obviously don't understand American economics. Debt doesn't equate to BK. In most corporate cases, and America included, the opposite is true. Debt is good for business!
FCX sure likes to bounce around. But sooner or later it will be moving up big time. I added more on the last dip to reduce my cost basis. Let's see what develops. Good luck longs.
Bottom could be in and just Can't wait till Carl breaks out the knives and starts slashing at the big fat cats on the payroll and moonshine ! Ohhhh baby this is going to be a really fun 1 to trade for the rest of 15 and all of 2016... and the best part is mostly from the long side for a real change of pace !!!! Bring it on Shorties !!!!!!!
Nice movement in "two steps forward one step fashion" all day long. I went back in (at $10.37) off my earlier close at .27 once I saw how strong the intraday was being. Bid now $10.54. I've set a "mental" stop just south of .50 to lock in the gain....but if it stays here or goes higher I might hold it into next week. It's hard to say how much of today is short side covering....or opt exp "stuff," but it's looking good on the buy side right now. Let's see how it closes...