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Freeport-McMoRan Inc. Message Board

  • homerunmike2000 homerunmike2000 Nov 8, 2007 7:43 AM Flag

    Rio Deal will vault FCX over $120 today

    This deal will cast focus on the undervalued nature of FCX and send it soaring. Rio up 30 per cent in pre market, acquirer up 8 per cent. this is almost unprecedented. shorts are going to be crushed today. Gapping to $118 very quickly, then on to record high. congrats patients longs you deserve it. die, day traders/morons. you deserve this pain. and you moronic day traders please don't write that you got in at $108 this morning . . . because you are lying. only market makers are getting hands on stock this morning.

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    • I respectfully disagree.

      With BHP buying Rio there is now very little chance of a takeover bid for FCX (BHP is one of the few companies capable of swallowing FCX). This is likely to depress (in the medium-long term) the stock price.

      Fundamentals (Copper price and inventories) will now drive the stock.....and the fundamentals are starting to deteriorate.

    • I think a close above 13.50 is almost a guarantee and probably closer to 115 - 117.

      • 1 Reply to gbeuchel
      • Ya know what I LOVE best about all the TRADER HATERS???

        At the end of the day I laugh at how much I made trading and how much they LOST holding. FCX was at 120 several weeks ago. If anyone bought above 114, since then, they are DOWN. Those of us that trade daily, have made a LOT of money in that time frame.

        Why is this SO DAMN HARD to understand??? Stock made an over $8 swing this week and if you traded it, you made a LOT of money.

        If you like to buy and hold, that is great and best of luck, but for those couple of you that thrash on us traders, just shut the hell up and accept the fact that there are others out here that do things different than you and you are too stupid to figure out how to do it yourself. Or just sit back and watch us make money while you loose it.

    • 113.35..........yeah you gotta lov the day traders that proclaim their BS....if they were 1/10 has good as posted.....they would be on the wall st floor w/ vandolf selling OJ futures.

      congrats to stockholders.....well could get a short squeeze in here twd 120

    • I have been trading FCX for appx one year. Had many ups, and downs; I did however buy yesterday a 3:59. Believe it or not there some of us that buy on dips. I'm thinking tis RIO catalyst may ignite FCX to it's approprite value.

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