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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
11503 posts

Jumping in on FCX
9$ a share is a cant loose to me, any counter thoughts?


tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
10597 posts

re: Jumping in on FCX
Been watching for a month now. Just can't see it going much lower. Debt load weighing heavily.

ETA: $8.86 Pre-Market
This post was edited on 11/12 at 8:15 am


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TigerDeBaiter
LSU Fan
Member since Dec 2010
6909 posts

re: Jumping in on FCX
They have $20 billion+ in debt, negative earnings, declining commodity prices, and STILL pay a dividend. What could go wrong?

I'm staying out for now.


GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
11503 posts

re: Jumping in on FCX
Long term hold, most valuations I have seen on them have them at between 12-15. I just cant see them going down much more. Well, down .20 on the opening, guess Ill quit checking for a month or two.
This post was edited on 11/12 at 9:16 am


tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
10597 posts

re: Jumping in on FCX
OK - this is just stupid. Is this stock going to $2??

Image: https://i.gyazo.com/998b62a60dfd01d608ff3a2fc9e98403.png


djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
2464 posts

re: Jumping in on FCX
If it goes to $2 I'm in.


jlu03
LSU Fan
San Diego - Whale's Vagina
Member since Jul 2012
2856 posts

re: Jumping in on FCX
Bought call options Monday afternoon.


Blue Horseshoe
LSU Fan
Baton Rouge
Member since Dec 2014
48 posts

re: Jumping in on FCX
They just announced the suspension of their dividend and reduction in their CAPEX spend.

LINK
This post was edited on 12/9 at 7:42 am


jlu03
LSU Fan
San Diego - Whale's Vagina
Member since Jul 2012
2856 posts

re: Jumping in on FCX
quote:

They just announced the suspension of their dividend and reduction in their CAPEX spend.




barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
45464 posts

re: Jumping in on FCX
quote:

just cant see them going down much more.


Ahhh famous last words


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70
GoldenD
LSU Fan
Houston
Member since Jan 2015
749 posts

re: Jumping in on FCX
And it's up about 9% on the news today.


tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
10597 posts

re: Jumping in on FCX
I'm skeptical by nature. I'm seeing about $5.75 in another 10 days or so.... when today's news is a distant memory...


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Helo
LSU Fan
Orlando
Member since Nov 2004
4087 posts
 Online 

re: Jumping in on FCX
FCX down another 17% today to $4.50.

At this point many material stocks are looking like speculative plays for a 2-3 year rebound.


Pilot Tiger
Georgetown Fan
Washington DC
Member since Nov 2005
69251 posts

re: Jumping in on FCX
hard to believe FCX is trading under 5 bucks


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20
GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
11503 posts

re: Jumping in on FCX
At this point I am probably going to drop more in the help even me out, hopefully they're too big to go under.


dkreller
LSU Fan
Offshore
Member since Jan 2009
22602 posts

re: Jumping in on FCX
If they spin PXP back off can that help?


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TigerDeBaiter
LSU Fan
Member since Dec 2010
6909 posts

re: Jumping in on FCX
Wow, down another 10%

Under $4.00

For the bagholders, I hope the B word doesn't start. That's the only thing from keeping me on the sidelines now.


TheIndulger
LSU Fan
Member since Sep 2011
17051 posts

re: Jumping in on FCX
This stock is in a total free fall.


dkreller
LSU Fan
Offshore
Member since Jan 2009
22602 posts

re: Jumping in on FCX
I just bought some. Not a huge investment but I'm willing to play it long term.


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PeterPeterP
LSU Fan
Member since Jan 2013
422 posts

re: Jumping in on FCX
Stock got below $4.00 today. Didn't see this coming especially since I bought at $29. I refused to sell at $20. I'm hoping it gets back into the $70s at some point. You know, maybe in 40 years. I'm in for the long run.


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