FCX represents about 5% of my stock portfolio. A position with which I am happy. One-day knee-jerk reactions in the market are common; panic selling is part of the game. At this level those who wish to initiate or add probably should. Once all the brouhaha ends, it'll probably be up a couple bucks tomorrow thanks to the cooler heads.
I didn't wait. I doubled ny investment this morning. All the crybabies on this board will get their money back without a problem as long as they don't panic and sell. It is normal for a company stock to go down after a buyout of another company. I've been in the market for 38 years and have seen this many times. Plus, earnings will definitly go up down the road for FCX.
I've traded fcx a few times before with success. I started a small position today @ 32.03. Good strong co. imho with nice divi. What's not to like? Should be good for a couple bucks profit and if it falls further I'll do my usual average down and patiently wait collecting my divi......
Classic investment advice is always sell a company with a large acquisition, especially here where there is stock dilution and cash. Look at xom swallowing xto a few years back. FCX is going to the low 20's and it will take a year so come back from there. Save this post.