Check out the sales from the recent acquisition they made, and the pipeline is full with multiple products nearing final stages of approval. Unlike other bios shareholders we are not waiting on a single drug approval, in contrast they have at least 5 or 6 dominos that will fall one after another, all game changers. The pop in SP thus far is nothing compared to what's coming. Hoping they go it alone, the payoff will be huge, something in the $70 range is possible.
Wait???? Anyone still holding this junk should have sold the other day when it broke $23. By waiting look where they're at today. What shareholders need to do is stop listening to you and your fellow pumpers and make their own informed decisions. Your pumping is useless.
I wouldn't touch this junk no matter how low it goes because I have zero faith in management to take care of shareholders.
You've been telling everyone that will listen to invest in this junk, that it's bottomed and it's a great opportunity. My sympathies to anyone that followed your advice.
When you run a company like your own personal piggy bank and pull the kind of bull shett JB and crew pulled on shareholders, the bottom could still be a long way off, maybe even zero. They owed shareholders loyalty and should have had their best interests as priority number one. What FCX shareholders got with JB's grand buyout of plains and especially MMR was anything but that. Lesson learned for all those that stuck with JB after the bailout, if you don't trust those that make the decisions that affect your investment, get as far away from them as possible.
Not to sure you can call this a sucker's rally any longer. $3 move up off the bottom and showing some signs of moving higher is something that can't be ignored. If oil crashes from here, all bets are off on all energy stocks, but if oil stays in the 50's or higher, this thing is actually showing signs of life and could move $3 to $6 higher.
Not out of the realm of reality, just keep an eye on oil prices, and keep you finger close to the sell button. The FED helped this week, not sure how long that'll last either. Glad you're playing on the house's money right now.
FCX holders needed a break, down day after day huge paper losses, it was about time to see something positive with the SP. The question is will it hold? Yellen's comments yesterday are a somewhat diminished extension of all the past QE measures. Generally markets go up, fear is reduced, and investors feel like investing again. It's obvious what's going to happen when rates do finally move up and the overhang from QE is removed from the market, the markets will in general decline severely. While this also applies to FCX, FCX's future hangs largely on the Saudi's and how long they'll keep oil prices down, FCX's ability to manage their debt, and can they stop spending billions on failed exploration projects, and please no more failing company bailouts that cost management their credibility and shareholders a whole lot of money. Don't worry about the price of oil, that will adjust in due time, the larger concern for the SP is the debt, lack of successful exploration projects, and management credibility. I'm not sure they can overcome any of those. I'd be a seller here, and give it a few months and try to ride the pop when oil prices return to normalized levels.
Inaccurate conclusions? I sold at $34, you're still holding at $21, go figure. Seriously, there's still time to get out.
Sentiment: Strong Sell
Putz, why don't you send him your stock instead, at this rate it'll be worth about the same very soon.
Same losers that were buying from $32 down to $21. Should close below 21.20 today.
Sentiment: Strong Sell