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Freeport-McMoRan Inc. Message Board

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  • bd_jwt bd_jwt Dec 11, 2007 3:32 PM Flag

    fcx will go up with rate cut

    While I'm a realistic/optimistic long-term holder, not sure if we're going to see that much of a jump.

    We might see a little bump, but the rate cut is already priced into the market. I'm sure there are many short-term holders who hope there's a jump. If FCX drops, they have a stop-loss limit. If the stock really bursts up, they'll take profits thereby preventing/slowing further daily appreciation.

    IMO, there are certainly opprtunties for day traders and short-term holders, and while a select few of these will make great returns, the best return w/ less risk will come to long-term holders.

 
FCX
5.23-0.04(-0.76%)10:47 AMEST