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Author Topic: FCX - Freeport-McMoRan Copper & Gold, Inc. - NYSE  (Read 7795 times)
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Vegas
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« on: January 01, 2009, 11:17:20 PM »


Daily Chart:  http://stockcharts.com/h-sc/ui?s=fcx&p=D&b=5&g=0&id=p11530901891

Weekly Chart:  http://stockcharts.com/h-sc/ui?s=FCX&p=W&b=5&g=0&id=p97441419825

News:  http://finance.yahoo.com/q/h?s=FCX+Headlines

Business Summary:  Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, such as rhenium and magnetite. It holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci minerals district in North America; South America; and Tenke Fungurume minerals district in the Democratic Republic of Congo. As of December 31, 2011, the company’s consolidated recoverable proven and probable reserves included 119.7 billion pounds of copper, 33.9 million ounces of gold, 3.42 billion pounds of molybdenum, 330.3 million ounces of silver, and 0.86 billion pounds of cobalt. Freeport-McMoRan Copper & Gold Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
delt01
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« Reply #1 on: May 03, 2010, 10:38:31 AM »

Vegas, this one is setting up for a pincher I believe.  Let me know what you think.  I held this when it was down in the $20 and sold waaaaaaaay too early.  I'm looking to get back in around $70 or so.
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Vegas
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« Reply #2 on: May 03, 2010, 10:55:31 AM »

Vegas, this one is setting up for a pincher I believe.  Let me know what you think.  I held this when it was down in the $20 and sold waaaaaaaay too early.  I'm looking to get back in around $70 or so.

You are correct Delt but let it drop some more... Could drop to $65 - 66... Let it bottom out good and I will try to keep updated with any news that could effect the recovery...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
delt01
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« Reply #3 on: May 04, 2010, 10:12:01 AM »

Vegas, you were right.  It hit $69.70 this morning.  It snapped back up to $70 - $71 but it looks like it could fall a little farther.  It's reacting to news out of China that is sending commodities down today.  I'd love to see it back down in the $20s but I think mid $60s is about right.  Jim Cramer mentioned it a few weeks back that a good entry point is $71.
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Like my grandpa used to say, "You live and learn and die a fool."

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delt01
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« Reply #4 on: May 05, 2010, 02:28:00 PM »

Vegas, what do you make of today's quick dip and reversal?  Do you think $70 is a support point?  If you look at the Weekly chart it appears so.  Also, should this get listed in 'Pincher Plays?'
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Like my grandpa used to say, "You live and learn and die a fool."

Where there's confusion, there's money to be made.
Vegas
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« Reply #5 on: May 05, 2010, 03:11:35 PM »

Vegas, what do you make of today's quick dip and reversal?  Do you think $70 is a support point?  If you look at the Weekly chart it appears so.  Also, should this get listed in 'Pincher Plays?'

It is just trading with the gold market... This is too high of a priced stock to be a mega profitable pincher play like we are used to in Pinkie Land...  Also, most gold mining stocks are more of a long term investment...

When it does pinch however, that will be an excellent time to buy...  Wink
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Vegas
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« Reply #6 on: May 07, 2010, 09:45:37 AM »

Looks like $68-70 is a decent buyin price...  This could pinch  today...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Stretcher75
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Have an entry / exit strategy and you will be fine


« Reply #7 on: May 07, 2010, 09:48:56 AM »

Looks like $68-70 is a decent buyin price...  This could pinch  today...

I'll buy 5 shares of this LMAO.
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delt01
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« Reply #8 on: May 07, 2010, 11:39:15 AM »

I think you're right Vegas.  $68 seems to be a solid number.  I may hop in at this point.
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Like my grandpa used to say, "You live and learn and die a fool."

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Vegas
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« Reply #9 on: May 07, 2010, 12:09:24 PM »

I think you're right Vegas.  $68 seems to be a solid number.  I may hop in at this point.

I think it just confirmed support at $65 but in  this market I would watch it for a bit... Keep your eye on the price of gold as this should track with the price of gold bullion... http://www.kitco.com/

Gold is down today so it will probably keep the price of this down...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
delt01
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« Reply #10 on: May 10, 2010, 09:41:45 AM »

pinching...
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Like my grandpa used to say, "You live and learn and die a fool."

Where there's confusion, there's money to be made.
Vegas
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« Reply #11 on: May 10, 2010, 09:48:35 AM »

pinching...

Nice... Also just broke par sar...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
delt01
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« Reply #12 on: May 10, 2010, 09:59:17 AM »

I think I'm hopping in.  Fingers crossed.
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Like my grandpa used to say, "You live and learn and die a fool."

Where there's confusion, there's money to be made.
Vegas
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« Reply #13 on: May 10, 2010, 10:23:03 AM »

I'll play this game with ya... In at 72.01...  Wink
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Vegas
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« Reply #14 on: May 10, 2010, 10:31:20 AM »

I think I gave it the Vegas jinx... Now at 71.72 but a lot of volume... Nice part about these kind of stocks is you don't have to worry about them taking a 30% drop while you are going to the bathroom...  Grin
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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