FCX spent a lot of money buying companies under the future premise of 1500. dollar a oz gold and 3.25 an oz copper, among other things. As usual those proformas were pipe dreams. The best thing for FCX is to do is wait, go bk, then reinvent themselves and move forward.
After 3 dollars a share, anything is possible for FCX. But at 3 a share, it would be worth a 10,000 share speculation play for many.
Once FCX breaks 5 dollars a share, making it un-marginable, it probably break it to 3 dollars. We are in a period of deflation. FCX is a asset play. These assets are not that cheap yet. The problem with FCX isnt just deflation. It is it's massive debt. If they go BK i am sure the major holders will figure out a way to steal their money back.
I have faith that it will, as i had faith that this stock was nothing but wall street fodder for the smart money to short the #$%$ out of.
this stock will collapse. I believe it was trading at about 80 at the time. When will you people stop giving your hard earned money to the thieves of wall street.
And who in their right mind buys a shake everyday? Burger King's and McDonald's shakes are decent enough if
I needed to indulge. 7? 8? 9? 10 bucks a burger plus frys? Screw that. I will buy a steak for a few bucks more. All these places will crash and burn in less than 4 years.
lew is a liar and a phony bought and sold by these the corporate mega priced lobbyists. 10 years from now, adjusted for inflation, chemical prices will be 3 times higher than the rate of inflation.
Anytime the govt allows major mergers or deregulation the consumer eventually suffers, Examples are the airlines. Lowest fuel costs in 7 years, the airlines biggest expense, yet ticket prices continue to rise. But the worst may be the cable companies. You are getting screwed every month by higher prices. The cost of cable or internet connection is more than triple, yes triple the rate of inflation. Corporate America has bought and sold congressmen and senators allowing for these price gouges. The list goes on. To be continued.
You are so full of #$%$ and you know it. Just because you have invested in a over valued biotech company you try to defend it. CELG will trade under 80 dollars a share by feb. 2016. That is based on the Riccaro Isosceles model.
CELG treatments does nothing but emaciate the human body. It is not a cure. The U.S. govt needs to stop all payments for worthless cancer treatments that cost billions and end up in death. Where is the justice. CELG will trade under 60 by 2017.
CELG is one of the main culprits. CELG does NOT cure cancer. Therefore, use of it's products needs to stop!. It is not just them but a host of other extremely costly treatments that ends up with a dead patient. That is not treatment. That is snake oil.
IBB currently trades at 345.22 a strong sell has been signaled target price of 300 by Feb. 2016. Distribution has been taken place for the last six weeks indicative of the Riccaro Isosceles model. Some of the components will experience far greater loses.
The Riccaro Quotient maintains it's strong sell on the shares of AAPP and the price target is still intact based on the Riccaro Isosceles model.