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Freeport-McMoRan Copper & Gold Inc. Message Board

hardwoodjoe 8 posts  |  Last Activity: Mar 18, 2014 11:29 PM Member since: Oct 31, 2005
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  • hardwoodjoe hardwoodjoe Mar 18, 2014 11:29 PM Flag

    You have no clue....its the carbon make up you idiot....Chinese steel has more sulfur ....gas plants in the US don't use it because it corrodes faster than high grade carbon....I work in the construction of LNG plants and we don't buy that cheap junk....the way you can tell its cheap junk is that when you cut it with a torch it emits a green gas and it stinks like rotten egg almost like h2s....so if you are gonna spew your cheap Chinese products on this board at least know what you are talking about,,,,go back and crawl back in your hole with bennie and that dumb idiot goober....

  • Reply to

    SCCO vs FCX

    by dar200 Feb 8, 2014 4:24 PM
    hardwoodjoe hardwoodjoe Mar 12, 2014 5:39 PM Flag

    Fcx has more debt than scco....they overpaid for MMR and Plains in my opinion...mmr was a loser and on the verge of BK when Moffit decided to bail them out a move based on him being a key player in that company....mmr was losing money on Davey Jones 1 billion and counting....a hole that still isn't on the books as profitable....they decline comment on it and it still could be currently worked on as we speak....no one knows if its online or if its plugged?.....I was FCX bagholder for 3 yrs and with the acqs they did it just diluted shares and they haven't recovered....The copper play is dead right now with the china slowdown....its been downhill for 2 yrs....who knows what will bring this up.....china growth more than likely.....my hope is that FCX will halt copper supplies and will increase demand. A move that will erode fcx shares since they cant produce or ship copper from Indo....it may take 3 months for copper supplies to dwindle due to oversupply at the moment.....Im long scco on the belief that the ban from Indo will boost copper prices....PE from fcx may suffer due to the ban...short term the copper contract may hit 2.75 before bouncing back to the 3. dollar range....ive lost 13% so far on this trade and as soon as this stock gets back to 32 im out.....all stocks seem tied to china low days and I see better investments outside the stock markets....

  • Reply to

    Bag Holders

    by rogluther Mar 7, 2014 5:25 PM
    hardwoodjoe hardwoodjoe Mar 7, 2014 8:00 PM Flag

    Stocks in general suck.....there is never a rational theory why they go up or down....its a #$%$ shoot with the guy that's uniformed the loser.....copper should do well in the future....you just cant replace it....but with the china slowdown it could go farther down....im hanging in there as there are not that many copper players...FCX has its own set of problems....once Chinese PMI shows a little strength these stocks move up and will move up in a hurry.....meantime......

  • hardwoodjoe hardwoodjoe Mar 7, 2014 10:40 AM Flag

    Look for 29.00 COPPER 3.1005

    -0.1175 -3.65% and the plummeting continues...China not interested in growth...shuttering down factories and going to concentrate on environmental....don't take my word for it look it up...

  • Reply to

    What the heck is going on today!!

    by apppro Mar 7, 2014 9:44 AM
    hardwoodjoe hardwoodjoe Mar 7, 2014 10:36 AM Flag

    Its china that's hammering these CU players....COPPER 3.1005

    -0.1175 -3.65% .........look for more downside to these stocks as we are nowhere near the bottom....

  • Reply to

    Increase in copper

    by basin112 Feb 17, 2014 10:20 AM
    hardwoodjoe hardwoodjoe Feb 24, 2014 12:08 AM Flag

    China just let out a big ole fart.... tomorrow is going to get ugly for this stock....

  • Reply to

    The Street seems not to agree with CITI

    by fred_c_dobbs00 Feb 11, 2014 1:19 PM
    hardwoodjoe hardwoodjoe Feb 11, 2014 2:34 PM Flag

    I don't like the downgrade the stock could correct itself tomorrow....the metals correction could happen .....if it does go lower Im pulling the trigger ....have a limit order for 1000 shares @ 22.50

  • Reply to

    Nice AH movement!

    by maxactionjunkie Jan 28, 2014 5:30 PM
    hardwoodjoe hardwoodjoe Jan 28, 2014 6:12 PM Flag

    yes it is....whats going on

FCX
33.93+0.43(+1.28%)Apr 24 4:02 PMEDT

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