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Freeport-McMoRan Inc. Message Board

hardwoodjoe 24 posts  |  Last Activity: Jul 29, 2015 10:32 AM Member since: Oct 31, 2005
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  • Reply to

    It appears Acquisition is in the works

    by ttaberhomes Jul 29, 2015 1:09 AM
    hardwoodjoe hardwoodjoe Jul 29, 2015 10:32 AM Flag

    Bullish inventory report.....its buy time....

  • Reply to

    It appears Acquisition is in the works

    by ttaberhomes Jul 29, 2015 1:09 AM
    hardwoodjoe hardwoodjoe Jul 29, 2015 10:08 AM Flag

    Whats the theory behind this????

  • Reply to

    another Cramer catastrophy

    by boiler_room_bermuda Jul 27, 2015 9:54 AM
    hardwoodjoe hardwoodjoe Jul 28, 2015 11:44 PM Flag

    That Cramer is a real idiot....One day he says oil is going higher buy all you can...the next morning he says oil is going lower sell sell sell....two hours later he says oil has stabilized....I mean who listens to this clown.. he should be accessible so his followers could let him have it....he should be investigated or jailed for the advice he gives....what a tool...DD is the key and if youre lucky you may come out a winner....otherwise its a #$%$ shoot .... buy small and add on corrections....cover when the whole sector turns green on days like today...tomorrow you may give some back but its a starting point.... Ill eventually own1500 shares of sn if it continues to shine...

  • Reply to

    BUY FEAR...SELL EUPHORIA

    by milliondollargoal Jul 28, 2015 12:53 PM
    hardwoodjoe hardwoodjoe Jul 28, 2015 4:00 PM Flag

    +1.....Exactly......

  • Reply to

    READY FOR NEW 52-WEEK LOWS?

    by bjosh919 Jul 23, 2015 10:19 AM
    hardwoodjoe hardwoodjoe Jul 24, 2015 11:24 AM Flag

    wow FCX really getting hammered today....now talk about a mis managed company....20 billion in debt less money than SN....guess where that one is headed....excellent short....meanwhile....my wish list consist of mro...apa...apc...dvn...lpi...sn...bas...cop...

  • Reply to

    READY FOR NEW 52-WEEK LOWS?

    by bjosh919 Jul 23, 2015 10:19 AM
    hardwoodjoe hardwoodjoe Jul 24, 2015 11:16 AM Flag

    Yes..... 19 companies just hit 52 week lows again....more opps to buy later on....the selloff continues .....wait another week or so....this has just begun to get ugly

  • hardwoodjoe hardwoodjoe Jul 22, 2015 11:14 AM Flag

    There are 20 stocks on my screen that hit 52 week lows....high flyers.....im loving it,....its gong to get better prices....short short short.......sel sell sell.......I have 100,000k ready for deployment ......BK whatever....maybe some SD,GDP,they are mis- managed....SD has all their assets on the auction block ....Cannon is handling the sales....Chinese rigs Chinese junk lol who wants that junk.....Maybe Belly UP means get into the belly of the beasts....become rich wait for better buy signal.....

  • hardwoodjoe hardwoodjoe Jul 22, 2015 10:52 AM Flag

    There is no catalysts for BK .....market sentiment is a sell mode mentality....these stocks will be a buy when the dusts settles.....like hunting at a petting zoo.....become rich by buying at garage sale prices.....wait for the slaughter to finish....prolonged depressed oil prices will present more opp.....

  • Reply to

    oil going to 200

    by t.chapman64 Jul 17, 2015 4:27 PM
    hardwoodjoe hardwoodjoe Jul 22, 2015 9:31 AM Flag

    There is more pain in this space....keep shorting all oil stocks ....the bottom isn't in yet.....oil stocks will be a buy when everyone throws in the towel.....the cycle then repeats itself.......then it will be buy time....until then short all oils ...prolonged weakness in oil prices is chipping away investors and their money....hedge fund dumping has accelerated its going to get uglier....but on the bright side ....there will be steals to gobble up.... the potential for this stock to hit 1.00 is there....a few more days of oil declines and it could very well be realized.

  • hardwoodjoe hardwoodjoe Jul 13, 2015 10:39 AM Flag

    This and other oils are in selliing mode ...apa,. line just hit 52 week lows....again....wall street has piled on short interest in this sector....look for lower prices.....Im looking at covering at 5.00,,,,im 83 % profit which is $9300.00 which isn't a big score compared to the shares most investors on this board own, Im short 1400 shares SN,1000 shares LPI and 1000 shares BAS....BAS seems to have bottomed the service sector should see a decent earnings call with SLB this QTR...LPI is risky and there has been more takeover chatter and shorting it would probably send me into the red if there was a buyout....SN is just plain laggard....probably keep short until volume dries up...

  • hardwoodjoe hardwoodjoe Jul 13, 2015 9:50 AM Flag

    Another day possibly another week of selling.....one more dollar down and its close to its 52 week low....easy short....

  • hardwoodjoe hardwoodjoe Jul 10, 2015 10:45 PM Flag

    This is one ugly chart and its abut to get worse....anything with frac is going to get smashed....this is going to low digits....hedging is about to expire ....oil is going to low 40s..... summer is winding down...oversupply wth enormous glut....opec is anti American when it comes to oil....they are going to smash frac companies like roaches....need I say more...hold onto your seat because it going into vortex mode.....

  • hardwoodjoe hardwoodjoe Jul 8, 2015 11:30 AM Flag

    Wow this is getting to be to predictable ....some of the SN investors are severely underwater...2 up days out of 25... ouch...shorting this has been fun but at some point the easy money has been made....at what price is this going to have to be covered...60% profit is absurd ....I sympathize with longs that got in this....All I can say is hang in there or double down when this selloff is over......GLTA

  • hardwoodjoe hardwoodjoe Jul 7, 2015 10:05 AM Flag

    XOM, apa fcx frak chk, gdp, ,hes .x, bhp, stld ,rio, just hit 52 week lows......when the worlds largest oil company hits the lowest for the year the market is trying to tell you something ....as for the steelmakers in the dumps....its because a large % of their sales is made up of drill pipe ,drill collars,reamers drilling rigs etc..theres no demand for it right know.....I think youre in denial sort out your facts because youre about to loose morer of your investments

  • Reply to

    Boone Pickens says $70 Oil by year end

    by ferrarimercedesman Jun 10, 2015 5:10 PM
    hardwoodjoe hardwoodjoe Jul 6, 2015 9:46 PM Flag

    This is a train wreck ....high 7s tomorrow ....then 52 week lows soon after that....by august it's printing 5.00...don't say I didn't warn you....

  • Reply to

    PVA gets bought by BP

    by stk_metrics Jun 25, 2015 12:41 PM
    hardwoodjoe hardwoodjoe Jul 5, 2015 10:43 PM Flag

    On the contrary....it aint over till til the fat lady sings....and she hasn't even started...Greeks are going to jolt the market Monday...WTI declining 3-1/2 % as I type....oh and SD will have to do a reverse split to keep from being delisted from the NYSE...GDP going to hit 52 week lows as well as chk...epd..x..and other oil related stocks in the small cap world...so no im not that far off...

  • Reply to

    PVA gets bought by BP

    by stk_metrics Jun 25, 2015 12:41 PM
    hardwoodjoe hardwoodjoe Jul 1, 2015 11:54 PM Flag

    No buyout....will be picked up cheap on the auction block....you haven't seen lows yet....market is going to squeeze investors till they cry like babies....prolonged low oil price will drive oil stocks into low single digits...SD and others are going to be delisted and will trade in the pink sheets ....sn will go to low digits....

  • Reply to

    VOLATILITY !!!!!!............

    by azrn93 Jun 29, 2015 9:09 AM
    hardwoodjoe hardwoodjoe Jun 29, 2015 11:14 PM Flag

    I hope you've got the stomach....52 week lows coming across the whole oil sector...some are even getting there everyday....chk, epd.etc....there will be some buys if you hold out for the lows....

  • hardwoodjoe hardwoodjoe May 20, 2015 4:24 PM Flag

    Maybe you should look into buying a little lower....I don't see oil going higher than 60.00 this year...summer driving season starts Monday and only last two and a half months....that's not enough to dent oversupply...long term oil is bearish due to Iran coming online and Saudi is not going to cut....although the US will enjoy low oil prices for years to come...this stock and others will hit the low single digits....not trying to bash this stock but look at the fundamentals ....all oil stocks are going to be in the doldrums for a duration....history repeats itself....1986 oil bust lasted many years....
    ( On Tuesday, Goldman Sachs updated its outlook on crude and shale oil for the next five years. In particular, the firm is projecting $60/bbl WTI crude oil prices in 2018 and $50/bbl prices by 2020.

    According to Goldman's Top 420 projects report, the firm now believes U.S. oil supply will grow higher than expected, even in the face of low prices. "Although we believe the sharp reduction in US drilling activity is likely unsustainable, greater productivity and efficiency gains in shale should support long-term annual crude oil production growth of 500-700kbpd.")
    Goldman projected 30 dollar oil amid the oil crash and got it wrong but this call can be realized...the abundance of shale oil and the ability to shut and ramp up production on a flip of a switch....the easy money has been made in oil stocks...now comes the rinse and wash....then repeat cycle....there is more downside to these risky plays as traders that made the easy money will liquidate to capture profits....if the price of oil goes beyond 60.00 then producers will ramp up production only to kill the rally....its a cycle that will repeat over and over keep the lid on oil prices....

  • Reply to

    Annual meeting

    by dormie18 May 18, 2015 3:22 PM
    hardwoodjoe hardwoodjoe May 19, 2015 9:56 AM Flag

    I sure would be looking at selling the stock ....if anyone is above in profits I sure would think about selling those shares and lock those profits...this stock is going down as well as WTI....crude is overbought...going back to 45.00 range...whole sector is bearish... shorts are piling on ...going to retest lows...

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