There's no bottom here. It will be massively sold for the tax purposes all the way till the end of the year. Moreover, until the dust settles and the new company reports or gives estimates, no one would be willing to buy. It may take years to get back to this level, if ever.
the stock has been slaughtered, someone will step up and start buying it soon. and i mean a BIG someone will start buying soon. I am not up to date on China and Aussie metals markets, so I dont have the best feel for FCX, but this stock is starting to get into oversold territory. im thinking it will be slightly down tomorrow to flat tomorrow. nope nope, friday sell off. ok, ok, early next week will be flat and stabilize, unless something bad comes abroad, FCX will be flat and start a rebound early next week.
BSX aquired Guidant for $27 billion. Combined cap was around $40 billion. Today the combined company cap is $7 billion.
BSX stock went from $40 to $6 and is sitting for 7 years already. But that was not the worst merger in history ...... :)