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Freeport-McMoRan Inc. Message Board

hardwoodjoe 48 posts  |  Last Activity: Mar 3, 2015 10:51 AM Member since: Oct 31, 2005
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  • hardwoodjoe hardwoodjoe Mar 3, 2015 10:51 AM Flag

    $30.00 stock is still not bad....Id rather they pay their debt off than squander it on lavish gifts for themselves....Acreage in the Garden City area is still robust and will be for yaers to come...The Cline shale is just beginning and its fruits are abundance for yrs to come....Oil companies haven't even tapped into its reserves....I don't think investors really know how much the Cline shale is capable of producing....Im long 2k shares and $30.00 would be alright with me....now that this has been digested Im still looking at 1 k more....if it does go lower then Im all in ...but 2k shares is allright also...

  • Reply to

    Earnings Miss + Lowered Outlook...!!

    by sandy_137 Mar 2, 2015 10:23 AM
    hardwoodjoe hardwoodjoe Mar 3, 2015 9:08 AM Flag

    The thing is people hold onto these stocks till they hit bottom then make a decision to sell after frustration....then they try to chase high flyers which are then overvalued only to get burned again ....these oils are out of favor at the moment its going to take time for these to rise to where they were last june...most people would welcome a war, disaster ,etc just to get their stock price up...the waiting is the hardest part about these stocks....dipping to 6.50 wasn't realistic 1 month ago....now its a possibility....Iam doubling down if it gets there...the supply rout in crude inventory ay Cushing isn't going away anytime soon...best to wait and see where these oil stocks are headed for better entry...

  • Reply to

    Earnings Miss + Lowered Outlook...!!

    by sandy_137 Mar 2, 2015 10:23 AM
    hardwoodjoe hardwoodjoe Mar 2, 2015 1:41 PM Flag

    Its because one negative word and the stock will sell off 10%...so be ready to buy or short....So far this sector is on the downtrend so I would expect a selloff when they report...its not that they will make money its that the baby is being thrown out with the bathwater....all oils are trending downward even when WTI is rallying...so when the bargain hunters come back then these stocks will pop...but meantime oil sector will be rangebound for the rest of the year.....if there isn't any geo-politico moves then expect these to continue their momentum...which is down...

  • hardwoodjoe hardwoodjoe Mar 2, 2015 11:47 AM Flag

    Wow !! what a surprise ....short term hit long term gain?...oil futures up and all oils going down....its evident rigs are stacking but production hasn't slowed...more buying opps?

  • hardwoodjoe hardwoodjoe Mar 2, 2015 11:02 AM Flag

    That's what you think.....I bought flooring and my willie fell off in 6 months...so Im no longer called hardwoodie

  • Reply to

    Re entered my position this morning.

    by ferrarimercedesman Mar 2, 2015 10:05 AM
    hardwoodjoe hardwoodjoe Mar 2, 2015 10:58 AM Flag

    Buy LUV short LL

  • Reply to

    Earnings Miss + Lowered Outlook...!!

    by sandy_137 Mar 2, 2015 10:23 AM
    hardwoodjoe hardwoodjoe Mar 2, 2015 10:56 AM Flag

    It wont be after earnings ....but it will be soon....Cushing is filling up every weds. Libya just came online....oil at the moment is up but all oils are down....what gives??? I see oils as a long term hold....SN a buy under 10 have powder ready.

  • Reply to

    Northland Capital Downgrade to Market Perform

    by true_truth Feb 27, 2015 4:55 PM
    hardwoodjoe hardwoodjoe Feb 27, 2015 6:23 PM Flag

    I would have thought with earnings over with and crude up today it would've gone up a little....I think maybe traders are worried about Cushing getting full..once its filled where does it go from there....are oil companies expected to shut the valve....is this oversupply ever going to go down.,...6,7,8, a yr,...if it doesn't exhaust we can bet oil will fall off a cliff...Im just saying have powder available if this stock retest 7.00 ....if it doesn't I wouldn't hurt me none but if it does jump at the opp for the next ride up....

  • hardwoodjoe hardwoodjoe Feb 26, 2015 8:00 PM Flag

    Good call I sold 1/2 at 15.90....I had 2k shares so now im looking to get the other 1/2 at 11 or 10....possibility that it could get there very quick....oversupply, no draw downs, no production cuts, refinery outage, etc....I started with 7200.00 in nov...playing this stock and LPI daily.... ive accum. 43k ....its been gut wrenching at times but its building a snowball.... when I hit 25k I opened a margin acct with td ameritrade....so its compounding a little faster but you really cant leave your computer...watch the rig count tomorrow on CNBC around noon....

  • hardwoodjoe hardwoodjoe Feb 26, 2015 7:52 PM Flag

    10% swings ....its like going to vegas without waiting in an airport ...rig count comes out tomorrow watch for that .....it could go either way....I know for a fact that its dropped ....but how much....and will it matter to WS...

  • Reply to

    any body have any ideas on earnings coming up?

    by julson73 Feb 26, 2015 6:31 PM
    hardwoodjoe hardwoodjoe Feb 26, 2015 7:48 PM Flag

    If youre in the money on some of those I would've cashed out at 15.90 but alittle late for that....wti is most headed to low 40s...rig count for baker hughes is going to drop tomorrow....how do I know this....my friends in the patch are getting laid off....its evident where I live....boom is over....if the market likes the drop off number we could get a relief rally ... I would sell into any rally.... this oil access could last a while...

  • hardwoodjoe hardwoodjoe Feb 26, 2015 1:06 PM Flag

    This company is a fraud....I made a order for a Powermatic 43 belt sander....its been 4 months still haven't heard anything....these sanders sell for 19,000 ...I guess they don't need my money....I also inquired about ordering 25 BD FT hardwood lumber.....value about 50k ...haven't heard anything about that either....I guess Im small fries....I wouldn't buy this stock as I really don't think they exist....chinaman sitting in an office making up numbers...

  • Reply to

    Has W.T.I. bottomed??

    by hugofukuself Feb 14, 2015 1:12 PM
    hardwoodjoe hardwoodjoe Feb 26, 2015 11:49 AM Flag

    Big loss wiped out in minutes....you gotta love this stock....daily swings 10% or better....if it retest Im ready....if it doesn't well then Im ready for that too....I started this position in Nov 2014 with 7200.00 ....opened a margin acct with ameritade... Im up to 43,200 in just 4 months....not a huge number like most on message boards but its fair...my goal is to buy a small house in Cozumel this year....good luck to LPI holders...

  • Reply to

    What is the take on earnings?

    by lt2211 Feb 26, 2015 10:25 AM
    hardwoodjoe hardwoodjoe Feb 26, 2015 11:26 AM Flag

    I bought 1k shares @ 12.10 ....this stock has a beta of 1.18 that's why it sells off hard when it does...but it also buys high when it does....its like being at a #$%$ table....theres nothing really in the news other than wti tanking.....again....my core position is 2k shares and buying 1k on dips and selling into green...if you hold its a great company to be in....if you want to gamble daily without getting on a plane and heading to vegas then this is the stock for you....

  • Reply to

    What is the take on earnings?

    by lt2211 Feb 26, 2015 10:25 AM
    hardwoodjoe hardwoodjoe Feb 26, 2015 10:47 AM Flag

    Im buying on this dip.....10% to the downside...good buying opp....it will be up tomorrow....

  • hardwoodjoe hardwoodjoe Feb 23, 2015 10:34 PM Flag

    Fundamentals mean nothing in this environment ...the company can beat in every aspect but if all stocks sell off then you can bet this one will too....Im a long holder of this stock and when it dips it gives me an opp to pick up more shares of this company as well as two others ....I hold 1k shares of SN and 500 shares of LINE...you can crunch numbers all day long it probably wont matter when crude falls then it takes out the baby with the bathwater....if opec calls an emergency meeting and props up crude prices then all will soar...but that's a long shot....I expect a 10% buying opp to the downside a day after earnings...good luck ...Im glad you post aleast some sense on this board as it is extremely quiet here...

  • Reply to

    i'M IN AT 13.05

    by hugofukuself Feb 20, 2015 5:48 PM
    hardwoodjoe hardwoodjoe Feb 21, 2015 12:42 AM Flag

    Im in for another thousand shares at 12.50 Monday if it gets there....if it doesn't Im still long 2k shares ...I think the trend in wti could target 45.00 next week

  • Reply to

    Holy Smokes! Let's go to the Gap!

    by marielys.davila Feb 19, 2015 9:32 AM
    hardwoodjoe hardwoodjoe Feb 19, 2015 9:44 AM Flag

    Yes ...I sold half my position days ago at 15.90....looking to buy the other half at a better price....oil trend looks to head downward at possibly 43.00......

  • Reply to

    Has W.T.I. bottomed??

    by hugofukuself Feb 14, 2015 1:12 PM
    hardwoodjoe hardwoodjoe Feb 17, 2015 11:19 PM Flag

    Leon Cooperman's Omega Advisors Bought Gilead, Boosted Groupon & Liquidated Alibaba Last Quarter
    Last update: 17/02/2015 2:55:56 pm
    Earlier today, Omega Advisors released their 13F holdings, in this document there were many noteworthy changes to their stakes. Here are the notable increases, decreases, and new stakes.

    New Stakes:
    Gilead Sciences Inc (NASDAQ: GILD).- 612,500 shares at 1 percent of total portfolio.
    Time Warner Inc (NYSE: TWX) - 874,500 shares at 1.28 percent of total portfolio.
    New Senior Investment Group (NYSE: SNR) - 2,604,000 shares at 0.73 percent of total portfolio.
    FCB Financial Holdings Inc (NYSE: FCB) - 1,553,034 shares at 0.65 percent of total portfolio.
    Laredo Petroleum Inc. (NYSE: LPI) - 2,100,000 shares at 0.37 percent of total portfolio.

  • Reply to

    trading $2. above target price

    by buyamericantrucks Feb 6, 2015 11:17 AM
    hardwoodjoe hardwoodjoe Feb 10, 2015 2:31 PM Flag

    Its a desperate plea to get the shorts back into the money....IMHO I don't think it will get below 43.25 there will be demand for the second half of the year...rigs are stacking faster than any other time in history...crude that is in the oil companies reserves will quickly come online and wells that are fracked are quickly exhausted....good example is the West Ranch south of Ft. Stockton....those wells are worthless ...after SD bought them they were exhausted pretty fast....why do you think SD stock went from 64.00 to 1.20 in five yrs. ...this being said inventory in the second half will start showing some draws....Im buying on the dips and will hold onto 2k shares ,2 k shares of SN and 2 k shares of PE

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