Here is one thing I have noticed from watching stocks. More often than makes sense, a stock will go ex-div (47 cents) and then rocket the same day. Doesn't make any sense, but it happens over and over again.
you should be selling covered calls or buying call spreads , you will be back in the black in no time. buy and hold is a game for losers.
I can't believe this won't hit 34 again in the next two weeks.
I have been long the 33/36 Call Spread, with good results.
First 4 contracts, then 6 contracts, next 8 contracts.
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The bollinger band limits for me show $40 on top and $38 on bottom. I think those are more accurate, and there won't be much of a break out until we hit $40
I am long, but have a stop loss at $37.77. I am selling out my position a little at a time. Hopefully it won't reach that price this month.
It is just treading water, which means it will be making a big move soon. I think upwards.
If the economy is getting better, FCX has to go up.
I think it is a combination of what is going on in Indonesia and also the Insider Selling. I think the worst is over. FCX did beat the S&P today, for what it's worth.