kappaquint

Cramer's Stop Trading! What Do Cramer and Rush Limbaugh Have in Common? (1/29/09)

One word. "Vanguard"

Freeport-McMoran: Dead Money Until Copper Prices Recover

I agree with most comments. Especially the ones stating that FCX is still a solid company making the changes that are called for, but I agree even more strongly with the idea that the common share still has a ways to fall. Several factors weigh in on my thought.

1. This stock is one of the most common stocks in large mutual funds and hedge funds (holding massive positions) -- and I am willing to bet some of these knee-jerk money managers will make a decision to sell, or their computers will force-sell due to leverage and hedging.

2. There are still a sizeable portion of shareholders that were in this stock for the dividend and I am willing to bet a large portion of them still have to sell.

I admit this stock is attractive at... lets say $15/share. Although I do think it is relatively likely that before the new year we will see this stock dip $10-12 range in intraday trading, and if we are lucky maybe even below that. If it does I am a buyer at both levels and then turning off my screen for 5 years to wake up with sizeable gains.

--recently shorted fcx, planning long position. no current position of any sort

Who's Benefiting from the Agriculture Bust?

monsanto is not MOS -- Mosaic is MOS -- never trust an article that gets stuff like this wrong