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Freeport-McMoRan Inc. Message Board

  • keoo2 Jan 18, 2013 1:12 PM Flag

    fast money

    calls it a buy

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    • If you've been watching/playing the intraday action the past 6 sessions then you've been witnessed to a well-organized take-down of the bid. Nothing to be paranoid about as it's more about process, p/b's the Algo's, HFT's and machines being used to juice profits in a sell side fashion than any time of concerted attempt to relieve you of your money. This is just the way the game is played now. But I've sat here and watched/played the bid off the (current) $33.67 low straight up to $34 and now the bid is right back at $33.76. Either a double bottom test (into a new bounce) is setting up or a double bottom break-down is again setting up. Give the past 6 sessions my money is on the break-down.

      Bid now $33.73.

    • cowards are jumping prior to earnings, whats the big deal? China is on the grid again, and copper price is up....

      Sentiment: Strong Buy

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