FCX buy or sell

Discussion in 'Stocks' started by taoistmon, May 23, 2015.

  1. im currently in this baby long...
     
  2. Tavurth

    Tavurth

    Although it looks ok technically, something unnerves me about the chart.

    FXC.png
     
    sheda likes this.
  3. i have a feeling you're right
    i'm prepared to hold this thing for a very VERY long time
    it looks like it's found some support @ the $20 area. my guess is this stock goes back to 2014 highs
     
  4. PRVT123

    PRVT123

    that is the biggest mistake of investors they treat their stock like it's their 'baby' or lottery ticket and become too emotionally attached.
     
  5. xandman

    xandman

    Materials sector is a macro bet. It seems that oil can put a damper on things.
     
  6. Tavurth

    Tavurth

    Technicals finally line up, it's unlikely to break below 18.9. The upside still isn't as good as I'd like, and 2014 highs is far outside my time horizon.

    As @xandman has said, there is simply too large an external factor here for a fundamental horizon.

    fcx.png