I like FCX. Bought a little on the dip. Yeah, I hear a lot of talk on getting in on copper these days. Copper lagging just like it did in early 2006. Other metals was up except nickel and copper. Then they caught up. FCX down today? Why? Cause Citibank getting trashed? Chuck Prince sucks. Maybe market scared other big caps are going to start taking away their dividends too. First of all, Citi hasn't done that yet. Second, it's an isolated incident. Citi sucks.
Market is down because of Crocs and Exxon? What does that have to do with FCX? The market had a little run up to the Fed announcement. Today's bad news gave them an excuse to sell. Just common sense. Look at how they sold right after the Fed announced the quarter point cut.
I'm in on this one. I made the right call on Apple, Mastercard, and Crocs. I'm bullish on Microsoft and Freeport. Trust me on this one.