I've been screaming sell since 33.50 where I sold it all. Cleveland has been screaming buy, buy, buy. It's lost half of its share price since this joke bought in, and somehow this dummy thinks he's taking my money. The truth is this fool of fools could have minimized his losses by selling in the low 20's recently, but instead chose to ride it down to the 12's. Beware of this pumper newbies, he's so out of it that he thinks he can pump it up all by himself.
You recently said that the share price was a reflection of looking forward and not back. Now according to you looking back is part of he problem. You were wrong then, and wrong again today. Today's selling was not about selling in ETF's and drop in copper prices. The author is right, and you are wrong again. Stop the pumping, it's not going to help you. At least you'll have a tremendous loss write off to offset against those imaginary gains in your other stocks.
Nice try to downplay your own ignorance clevelandpunk. I never shorted this stock or any other stock. I did sell this fcx trash at 33.50 and took my hit at that point as a result of the mmr bailout. I've been stating SELL since then while you have been touting it as a buy. Keep lying if it makes your losses feel better, and I'll keep laughing. Everyone should ignore your loser advice. Buy high, watch the stock drop like a rock, call everyone speaking the truth a punk or chump, and pretend your not losing your backside is the Cleveland way to investing. Your pumping here is ridiculous. My guess is that everyone on this board now knows you're a complete know nothing tool.
Jim Bob and cronies have brought this company to its knees, and they've cost shareholders nearly everything. Isn't it time for him to resign and take his buddies with him. It's the only way shareholders have a chance, let someone else try to rebuild and clean this mess up. Instead of sucking the last blood out of the company have some compassion and go away now.
Pity to those that bought on his advice. Who's the punk now Cleveland, you must be hiding under a rock. All your nonsense that you've been pumping here has been a joke. Prepare for single digits and more losses, and don't forget to send jim bob bozo a thank you card.
Moffett and his cronies are getting what they deserved for their disloyalty to FCX shareholders on the mmr bailout. The whole thing is coming crashing down. I'm sure moffett and crew will continue to get theirs through bloated salaries, options, and whatever other crapola they can dream up. Out of a sense of decency it's time for the good ole boys to step down.
Approaching the LOD, and by tomorrow who knows maybe a low for the year. Earnings release just around the corner, better duck and head for the hills. Probably time for a raise for management for the fantastic job they've done.
The company is gravely ill, and in the end you can bet your last dollar that the people running this company will find a way to make their money while the rest are left to rot, unless of course you're the dreamer Cleveland.
The market looks forward, not backward, from the esteem pumptool cleveland. I guess that's why they publish comparable quarter over quarter and year over year numbers. Investors that don't have their head up their AH, pay attention to these quarterly and yearly comparisons. These numbers provide historical data, estimates are often significantly off, but when you're a useless pumper like this name calling jerk Cleveland you just make up whatever and pump, pump, pump. Enjoy your losses, you seem to like them.
Pumper, I guess that's why the stock is performing so well. Nothing is for sure in this game, good luck getting all those copper reserves you are pumping about out of the ground in places like Indonesia. As far as oil reserves are concerned, the recent history is drilling billion dollar dry holes. Keep on pumping, and investors beware of clevie's advice.
◾The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 585.1% when compared to the same quarter one year ago, falling from $510.00 million to -$2,474.00 million. Poor Cleveland thinks this is a good investment. Very Funny.
Cleveland pumper, you forgot to subtract the debt service and liabilities related to the MMR bailout and plains purchase. As I said before, you're a pitiful pumper, and anyone taking your advice is more than likely going to lose their backside. Your money is dead money for years, if not forever lost.
Listen to Cleveland at your own peril. All investors in FCX, both recent investors and investors that have been here for years, should be wary of management because it's not about ill timing in this particular case, it's about and EPIC failure on management's part by violating the corporate and shareholder's trust. Cleveland apparently doesn't get it, management bailed out MMR which was by all measure a near defunct company (remember the 2 billion on the 2 dry holes), and they added insult to injury by paying double the share price. The conflicts of interest as a result of joint ownership of management were clearly at play here, and management should have not had sole determination of this transaction. That's why they were sued over this transaction and lost. So if you are a new investor you should care that management has acted in this manner in the past as it reflects their total disregard for the shareholders. What prevents them from these types of acts in the future? It's all been coming home to roost, and the future of FCX is in jeopardy as it well should be. Cleveland is a desperate pumper whose is clearly in trouble with his investment. There are other stocks that represent a much better opportunity.
Need proof, just look at the SP action since the MMR bailout. Every fcx shareholder holding the stock as of the day of the announcement took major losses as a result of this self serving action on management's part. Now it's all coming home to roost. The IPO spinoff of some or all of the oil business will not come close to covering the absurd purchase price paid for Plains and MMR. The only possible cure for FCX's problems, assuming it's not to late, is to clean house and install a new management team that has shareholder loyalty as its top priority. Since that won't happen, I look for continued declines in company value and the SP. A special thanks goes out to Jim Bob for all the shareholder wealth that has been destroyed.