Looks like FCX is sinking as the day goes on. I wouldn't be surprised to see the price test $30 if the market weakens a little. At that price, FCX might be worth going long.
The rumor on FCX is that the CEO is running a defunct oil company that FCX recently had funds diverted into under the guise of investment in order to prop that company up. Keep an eye out for lawsuits from shareholders over this.
I'm in for 5,000 at 30.80