Tuesday, August 14, 2007

FCX: Bought @ 86.50

This is a small position, I plan to add on weakness.

I also sold OMNI, it looks as if tropical depression #4 will miss the Gulf and maybe even Florida. It's too early to tell, so I will wait.


Pirate X said...

Ragin -
Short-term or long-term play? How long are you planning to hold and may I know the targets/stop-losses that you set?

Anonymous said...

I have a very interesting suggestion for your readers. It's about the 07' august calls of TYCO (NYSE: TYC) which are very very mispriced: the title is at about 43.50$ and 30 call is at 0.15$, call 35 at 0.10$ and almost all others are mispriced. I don't have much money to buy them, but I think it's a great deal... Source:
C.-S. Huot, Quebec city, Canada

Ragin' Cajun said...

FCX is a long term play

Price target $110

no stops, i will buy lower

Pirate X said...

Ragin -
In one of my earlier comments at Fly's blog, I offered to take the "ASSHAT OF THE YEAR" award if FCX doesn't print 120 by 12/31. Let's give Fly some serious "banking coin" opportunity for the excellent picks that he gave us all along.

Ragin' Cajun said...

I don't think he needs our help, but nice gesture!