tag:blogger.com,1999:blog-5975869446501122263.post5025423667978778340..comments2023-03-24T08:30:26.541-05:00Comments on market folly: Copper Disconnectmarket follyhttp://www.blogger.com/profile/07691612544809256786noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5975869446501122263.post-12101448305345649582008-07-02T22:23:00.000-05:002008-07-02T22:23:00.000-05:00mark yea haha no joke. the entire steel sector is...mark yea haha no joke. the entire steel sector is the perfect example of why you need to have stops in place. i got stopped out so fast last week it wasn't even funny. i can only imagine the flurry of stops that got taken out today. or, for that matter stops that the stocks blew right by today with the elevator drop. steel and metals in general should get interesting here in a little while as well you're right.<BR/><BR/>vt, thanks. yea the schism was very apparent and i think it will continue for a little bit longer. while RIO keeps denying things, there's always hope. Atticus continues to hold this name when originally they bought massive stake in phelps dodge, who got acquired by fcx and their shares got converted over. now if fcx gets acquired, atticus will have made one of the most successful investments in a looong time... 2 buyouts hahmarket follyhttps://www.blogger.com/profile/07691612544809256786noreply@blogger.comtag:blogger.com,1999:blog-5975869446501122263.post-86779475420690520642008-07-02T22:14:00.000-05:002008-07-02T22:14:00.000-05:00Nice write up. The schism between commodity price...Nice write up. The schism between commodity prices and their respective stocks all across the board today was rather disheartening. <BR/><BR/>While I couldn't agree more about FCX's role as a molybdenum producer and it's need in high strength steel, I'm curious if market sentiment will continue to pressure FCX throughout the summer if global inflation continues to be a thorn in our collective sides. <BR/><BR/>But hey... maybe Vale (RIO) will pay a nice premium for FCX since they're sitting on lots of newly printed cash.MattVATechhttps://www.blogger.com/profile/02136595245613316721noreply@blogger.comtag:blogger.com,1999:blog-5975869446501122263.post-54212103236832368192008-07-02T19:30:00.000-05:002008-07-02T19:30:00.000-05:00Thats sorta why I bought DUG instead of buying an ...Thats sorta why I bought DUG instead of buying an instrument that shorts the commodity. All you need to go correct with a DUG or FCX (on short side) is market to sell off very hard. With the commodity you actually need it to go in the right direction (copper or oil)<BR/><BR/>That said FCX just looks the same as any other metal stock - I wouldnt look too much into it. How about that SID! Thank gosh for stop losses. That stuff is finally looking interesting. Would love to get MTL at a print that starts with a $3, but $40 will do.Markhttps://www.blogger.com/profile/06241756200482130281noreply@blogger.com