I'm sure that all the firms that downgraded it were short, they always are, and I'm sure that FCX did all their DD on the matter, 30.80 is a price I can feel correct about.
After CLF shuttled some plants it got hit by the market, then the next day Goldman downgraded, so I'm more warry of sleaze.
EVERYBODY downgraded today, I don't think there's anyone left.
I sold my STX what a daytrade that was, 3%. Yea, I can ride FCX for a few months without worry, easy.