Funny thing is they claim they downgraded to hold on Tuesday, but didn't post until after close on Friday. Now the stock is up over 3% today ? Zack must stand for "Our predictions smell Zackly like our #$%$ !
An Aunt of mine recommended this in April of 2013 when it was $30---I didn't buy it, but I watched it go to $96 by the end of the year. I won't make that mistake again (although I will make other mistakes I am sure)--I have heard and read articles about how time saving 3D printing is, and I think it has a great future, but it will have a bumpy short term period first.
Why would anyone have a strong sell rating when the stock has already dropped 70% +
I would think this is near the bottom and a great buying opportunity.
I agree, 60 minutes sucks, and almost everything made in China is garbage. I went to the local store to buy a can opener, everyone was made in China, even name brands I recognized, so I didn't buy one.
Rodgers is really @ 100%--he is just faking it to fool the Seahawks ! All kidding aside, home field advantage is huge, especially in the play offs, but if the Packers don't beat themselves, I think they can win.
Oil, Copper, Nat Gas, Gold, Silver & other metals will all rebound over time, just be patient.
This market is Bi-polar for sure. Prediction ? Packers 24-Seattle 21
Go Pack GO !!!!!
Reddog, it's all about taking risk versus reward, who knows what will happen, I think I would be a buyer at these levels, although it could fall more, I think they will stop dividend, not just lower it, but be brave when others are scared, you will make a fortune (it it doesn't go bankrupt).
by December of 2010 it was up to $60/share......volatile stock to say the least, but great potential if you purchase at it's low. Who knows where that is ?
The did suspend dividend back in 2008-2009, somewhere in that time period, they may do it again, I would not be surprised.
I lost a shitload of money on "a great buying opportunity" with MCI Worldcom years ago. I am not saying you are wrong, as I hold FCX, but I always ask myself when I average down, am I throwing money down a black hole ? I am down over $10,000 on this stock and I have held only 5-6 months, I guess I am trying to catch a falling knife.
What can go wrong ? Gold/Silver will continue to tank, oil will continue to drop in value. With that being said, I think it is a good buy, but FCX may go lower still, and/or they may cut the dividend. That's what can go wrong, some people may say "Oh that's crazy, that will never happen, metals and oil have stabilized " Yeah, well maybe, maybe not.
I have averaged down 3 times since I purchased at $35 --current CB is $30.58/share--I will only repurchase more if it goes down significantly-not interested in reducing my CB by 25 cents or some small amount-I just hope I am not throwing my money down a hole like I did with MCI Worldcom.
or is this the dead cat bounce ?