Anyone in Freeport - FCX?

[Lou]

Is anyone in this one or looking to get into it soon?

[Thierry Martin]

This is the kind of chart I like...

888

[coolio]

I'm in it. Have been in it since last september. In all honestly it has done nothing. Up and down, up and down. (i'm long term, so you can probably made $ if you traded around it). It seems to be making a move up since people are starting to recognize that this PD merger could be anti-competitive and pro business. Has a good dividend yield. If it's a zig zag all the way up, it should be good.

[clavocat]

my dads in it...looks to have hit the top of the uptrend channel, look for a pullback for entry imo, unless it breaks.

[Lumberg]

I won't join the hype on this.

22 million in volume in the wake of Cramer hype.

This, on a morning when housing number were TERRIBLE, likely to get worse, and 400 pounds of copper goes in to every home built.

Plus, copper is over $3 a pound again, on hype of China, at a time when production is about to surge.

No thanks.

[clavocat]

I won't join the hype on this.

22 million in volume in the wake of Cramer hype.

This, on a morning when housing number were TERRIBLE, likely to get worse, and 400 pounds of copper goes in to every home built.

Plus, copper is over $3 a pound again, on hype of China, at a time when production is about to surge.

No thanks.

all your facts are great but id much rather be in this stock today than not be in it, yea maybe ur facts will cause the stock to fall long term, but if a stock is in high demand it goes up, this is in high demand and its going up regardless of the news or facts its still in high demand.

[Lumberg]

all your facts are great but id much rather be in this stock today than not be in it, yea maybe ur facts will cause the stock to fall long term, but if a stock is in high demand it goes up, this is in high demand and its going up regardless of the news or facts its still in high demand.

Cramer is often a very good 2-3 day fade, and even published studies back this up.

If FCX falls back towards he $62 area, I'll reconsider it.

Let's see what Helicopter Ben has to say this week.

[Seamus]

Been in it and traded around it for over a year. For the kids fund I liked it because they are a kind of investor friendly company with a regular and special dividens. It hasn't done much over the last year except pay that dividen and go back and forth.
I thought the merger was going to go the other way around, and someone else acquire FCX. This right now is working out pretty good though for buying on dips, I have gotten in around 48 and 52.

If I see some more pull back, might add some more, still trying to get my hands around the expected value/earnings with all the new stock from the merger out there.

[Lumberg]

I have changed my assessment.

I am extraordinarily bullish on FCX after researching inventories of copper and zinc by way of the London Metal Exchange.

I am amazed at how tight inventories are. Even if production soars, steel, zinc and copper use will not plummet, even if the U.S. slows, which is what it would take to relieve pricing pressures.

I am loaded up to the gills in FCX as of yesterday close.

This stock will easily run to $90 by June.

[Lou]

I have changed my assessment.

I am extraordinarily bullish on FCX after researching inventories of copper and zinc by way of the London Metal Exchange.

I am amazed at how tight inventories are. Even if production soars, steel, zinc and copper use will not plummet, even if the U.S. slows, which is what it would take to relieve pricing pressures.

I am loaded up to the gills in FCX as of yesterday close.

This stock will easily run to $90 by June.


Ahhhh. Did you see Mittal again today? up another 4%. If it gets slightly above 54 that one will run too. Lumberg, if I may ask, where did you research FCX?

[Lumberg]

Ahhhh. Did you see Mittal again today? up another 4%. If it gets slightly above 54 that one will run too. Lumberg, if I may ask, where did you research FCX?

I am looking at its balance sheet, researching zinc, nickel and copper prices and inventories on the London Metal Exchange, and researching the % increase in use of said metals by both developed and, especially, developing countries.

One more thing: Producers will be better able to constrain supply now because of all the consolidation in the industry.