% | $
Quotes you view appear here for quick access.

Freeport-McMoRan Inc. Message Board

tlee22202 103 posts  |  Last Activity: Oct 4, 2016 12:29 PM Member since: Apr 3, 2010
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    What's your theory on the undeserved selloff

    by honsingcheng Oct 27, 2015 7:14 PM
    tlee22202 tlee22202 Oct 27, 2015 10:11 PM Flag

    A lot of the traders are playing the run up to earnings for a quick profit and maybe holding a small portion through earnings. Right after earnings, these traders will sell their remaining position, whether up or down. Both AAPL and TWTR had a run up going into earnings. Looks like the next play will be FB.
    Some of the traders on CNBC mentioned that these stocks may be dead money for awhile. Those who sold at a loss may be bound by the one month WASH Rule for buying back in. One month should bring us to black Friday hopefully for the beginning of a tech rally.

  • Stifel Research Analyst Scott Devitt just changed his rating from hold to buy.

    Jon Najarian bought in this morning. He said it is undervalued and should easily move up to the mid 30s.

  • Reply to

    Just on CNBC: new buy recommendations

    by tlee22202 Oct 28, 2015 12:26 PM
    tlee22202 tlee22202 Oct 28, 2015 1:04 PM Flag

    Steve Weiss also bought this morning. He said it was way oversold.

  • tlee22202 by tlee22202 Oct 31, 2015 9:55 PM Flag

    Twitter: Keeping the Faith in a Turnaround

    The social-media pioneer is struggling to regain momentum. Investors should remember that a quarter doesn’t make a company.By STEVEN M. SEARS
    Oct. 31, 2015 12:59 a.m. ET

    Companies are judged quarterly on their financial results, but they are never built over a quarter. This is a good reminder for investors who doubt Twitter —and for those who believe in the pioneering social-media company.
    Last week, Twitter (ticker: TWTR) reported solid earnings. A mixed outlook initially chopped about 11% off the stock price. Then, just as dramatically, the stock regained most of its losses and has since traded with some volatility.

    While it is difficult to overlook the modest growth in Wall Street’s favorite Twitter metric—monthly active users—the company is more than one measurement. Twitter’s monthly active users rose 11%, to 320 million, in the third quarter. The Street wanted 321.3 million.

    Now, it’s up to Jack Dorsey, Twitter’s co-founder and new chief executive, to prove Twitter’s value to skeptical investors and users. The company’s modest fourth-quarter outlook makes that imperative.
    For even though Twitter’s third-quarter earnings exceeded the Street’s expectations, fourth-quarter sales guidance ran from $695 million to $710 million. Investors wanted $740 million.

    This disconnect overshadowed Twitter’s third-quarter earnings of 10 cents a share on revenue of $569 million. The Street expected earnings per share of five cents on $560 million. Meanwhile, Twitter’s new management team—Dorsey; Adam Bain, chief operating officer; and Anthony Noto, chief financial officer—demonstrated on the postearnings call that they understand issues important to users and investors. This is a soft point, but ultimately critical; it indicates that management is aligned with the proper facts.

    End of Part 1

  • Reply to

    Barron's Article

    by tlee22202 Oct 31, 2015 9:55 PM
    tlee22202 tlee22202 Nov 1, 2015 8:29 AM Flag

    This is part 2 which has been blocked from posting.

    "Senior management repeatedly said they would make Twitter easier to understand, and hinted at plans to monetize inactive accounts. Analysts remained skeptical. The talk sparked a bout of upside call buying.

    On Wednesday, when the stock was down 10% in reaction to earnings, bouncing around $28, an investor paid 59 cents for 6,600 January 55 calls that expire in 2017. A similar-size trade occurred in the January 60 calls. These are lottery tickets for Twitter’s stock price doubling by 2017.

    Before the earnings release, we advised investors to buy the stock when it was around $29.71 and sell January 26 puts for $1.60. The position is still attractive for aggressive investors who want to build a Twitter position.

    The Street is rightfully unable to give Twitter credit before results appear. Investors, however, should remember that while the market is always right on price, it has a terrible sense of timing. Twitter represents a new way of communicating, and it will take time to fully monetize the platform."

  • Reply to

    Barron's Article

    by tlee22202 Oct 31, 2015 9:55 PM
    tlee22202 tlee22202 Nov 1, 2015 9:09 AM Flag

    What do you think about the large OTM call buys mentioned above? The share price only needs to go up around $6 in the next few months from when they were purchased for these calls to double in value.

  • This was back in 1986. The Typhoid was transmitted to others by eating the shrimp salad. About a month after the first case was reported, health officials identified a McDonald's employee as a carrier of the bacteria. The employee, who did not know she carried typhoid, had immigrated to Montgomery County from a developing country.

  • tlee22202 tlee22202 Nov 7, 2015 10:38 AM Flag

    e-coli can live in the intestines of the animals we eat. That is why they need to be carefully processed. Another high risk source is from organic vegetables. The manure (either from humans or animals) used to make the organic fertilizer, first needs to be properly processed before it can be used. If it is not, then there will be a high risk of e-coli contamination in the vegetables.

  • Reply to

    Mr. Collins said :

    by pandusek Nov 7, 2015 10:27 PM
    tlee22202 tlee22202 Nov 8, 2015 11:31 PM Flag

    I am still eating there. This incident will result in a higher level of food safety at all of their locations.

  • What about the 705 gap from Oct 20?

  • before traders have the confidence to buy back in.

  • Reply to

    IF Near identical to yesterday

    by hypersman Nov 13, 2015 3:18 PM
    tlee22202 tlee22202 Nov 13, 2015 4:14 PM Flag

    Take a look at the 109.71 gap from Oct 22 for QQQ. Today's low was 109.78, probably close enough for the gap to be considered filled. Maybe a rally on Monday?

  • tlee22202 tlee22202 Nov 17, 2015 11:47 PM Flag

    Had you taken into account the effect of contango on USO?

  • Reply to

    Gary B. Smith on Bulls and Bears

    by richoncat_short Nov 22, 2015 10:55 AM
    tlee22202 tlee22202 Nov 24, 2015 11:08 AM Flag

    The SPY, DIA and QQQ looks like they are forming a double top. I have reduced my market position and doing more day trading.

  • TORONTO, Nov. 25, 2015 /CNW/ - Koskie Minsky LLP and Sutts, Strosberg LLP announce the addition of the accounting firm PriceWaterhouseCoopers LLP, Valeant's auditor, as another defendant in the proposed class action against Valeant Pharmaceuticals International, Inc. (TSX and NYSE: "VRX"), and certain of the company's senior officers, including its current CEO, J. Michael Pearson.

    It was the Enron scandal which brought down Arthur Anderson. The accounting firm was found guilty of criminal charges relating to the firm's handling of the auditing of Enron.

    The similarity here would be if PriceWaterhouseCoopers is also found guilty of improper auditing of Valeant.

    PriceWaterhouseCoopers LLP was engaged to audit Valeant's consolidated financial statements during the class period. The class action alleges PriceWaterhouseCoopers LLP knew or ought to have known that Valeant's financial statements were not accurate or reliable.

  • Perfect V-shaped bottom.
    Panic sell off then short covering?
    Is this capitulation?

  • Reply to

    This morning's price action

    by tlee22202 Dec 3, 2015 11:40 AM
    tlee22202 tlee22202 Dec 3, 2015 11:55 AM Flag

    The major support level at 25 appears to be holding. I bought the Dec 24.00 calls for a trade. Looks like it may break out of the descending triangle pattern.

  • Reply to

    Lets' just call it 205 or less OK?

    by hypersman Dec 9, 2015 12:18 PM
    tlee22202 tlee22202 Dec 9, 2015 12:30 PM Flag

    Last Thursday's low of 204.75 looks like a good entry point for a trade.

  • tlee22202 by tlee22202 Dec 14, 2015 12:04 PM Flag

    Any doing option trades on BX?
    With BX at 27.10, the March 25 puts can be sold short for around 1.50
    Your effective share price would be 23.50 if put to you.

  • I generally eat at Chipotle once or twice a week. Tonight, after completing my meat order, I was waiting for the girl at the toppings section. She was very busy cleaning the counter by rubbing it with her gloved hand until it shined. She was essentially using the glove as a cleaning cloth. When she finished, she looked up at me and smiled. I was waiting for her to change her glove, but this never happened. I decided not to select the cheese or the chopped lettuce which requires direct contact with her gloved hand. Later, I looked back and saw that the lady in line behind me did select the cheese and chopped lettuce. I have seen employees in two other locations do the same thing. They should be using disposable paper towels for cleaning the counter instead of their gloved hand. While this may not be the cause of the current food contamination, at least this would result in a more sanitary environment.

10.04-0.17(-1.67%)Oct 21 4:00 PMEDT