I'm pretty patient, whether it goes through $2.40 in 3 months from now or 9 months, copper is going back to $3 by end of year 2017, which means FCX will be $25/$30 plus....that's all that counts
Smart move, Apple share have finished making big returns for their shareholders
Patience is how you make money, not buying and selling every time is goes up 3 pennies and drops 5 pennies...a lot of traders missed the huge FCX run already just by doing this exact same thing.
See you back in the $20's
Good look on your 25% hair cut....there's no resistance from these levels until $20, see you back in the $20's sometimes this year for sure
by year end or in 2017 for sure....
Man oh man......would hate to be short FCX after today
Shorts got caught at the open, now they are stuck of FCX only going up from here
Sellers could not even hold it below $11 or back to $10 like it should of been after earnings.....shorts are in major trouble
and should continue going up in the next year or two....long term investors will be greatly rewarded with patience, buying in the single digits was a great buy so far
Copper is at it`s lowest point of the last 5 years, cut in half from $4, there`s more probability it`s going higher in the next 2 to 3 years than lower, same with energy and commodities in general....history proves that every rock bottom low point in commodities for the last 75 years was the best buying opportunity ever, and has made a lot of people very rich
I've been long since the $6/$7 levels as you know and X Steel looks resilient right now, but I think if the market tanks in the next month X Steel will do the same, we are almost double from the lows of January 2016, so a pull back of a few dollars should be expected
Probably will take a breather soon but momentum looks like it will take it to $15/$20 in the next months to come
What did any idiot shorts expect at $6/$7 range, of course there was going to be a huge short covering, over 60M shorts, and it looks like you just missed 40% jump in last week, poor you...
Momentum is all to the upside from now on, especially with over 60M shorts...
like many have claimed for months now....look at history in the last 50 years of the market...read and learn as they say
Greed, greed and greed is all I can say...X steel was a great short from $43 to $7 range, 75% downtrend, but I guess it just wasn't enough...... but has been bottoming in the last few months, but all you heard from idiot bashers and a lot of professional analysts was X Steel to $3, $5 and even bankrupt....all bunch of amateurs that are getting crushed right now
This last weeks X Steel price action is nothing yet, add another $5 to $8 minimum if not way more with 1/3 of entire company still short....it should be illegal to make money so easy like this
All of those 10M idiots that started shorting in the $6/$7 levels in the last months are getting crushed right now, and trust me it's not over yet