Freeport-McMoRan Copper & Gold Inc. Message Board
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Earthquake
Does anybody think that the earthquake in Indonesia has anything to do with fcx being down today?
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Its a crowded short trade. 1 upgrade or earnings surprise and it will blow like a volcano. It is out of balance with SCCO.
- 1 Reply to jmhayes_101
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no doubt jim, this baby is going to blow the top off like mt. st. helens for sure.
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Just a buying opportunity. I hope it hits $33 so I can buy more!
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the earthquake just shook out more copper and gold out the ground.
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it is useless to look for rational reasons for FCX stock moves. Sometimes a lot of people are anxious to sell, and they keep lowering price to get their sale right away. Sometimes a lot of people are excited to buy, and they bid the price up. What motivates them ? Probably an attempt to catch a trend. One needs to do psycho-analysis to figure this out.
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Unfortunately, I cannot find any information if it has had an effect on their production.
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Absolutely!
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