Last night I had this to say about FCX:
FCX (93.91) which I've been pounding the table with, was accumulated all day today at 91, and it finally ran an hour before the close up $4.63 on the day. Today was designed to frustrate the holder of FCX stock. When the market ramps, the traders go with the stock that is moving. Tomorrow it will be easy. The stock should trade above 99, with a seven point range on the stock. If it opens down, grab it; it should be easy money.
http://aaronandmoses.blogspot.com/2007/11/freeport-ready-to-rock.html
Will it follow the script? It was down to 92.26, and traded up to 98.17. I just need another point on the upside. And if FCX ramps, then so should ACH. The weakness in commodity prices was a function of recessionary fears and NYMEX lowering the spot month position limits on copper futures to 350 from 400 contracts.
Now I think ACH goes to 62, and it does it by Tuesday. You have the bears pressing the market attempting to contain it at these levels. Bernanke speaks tonight, and he'll be supportive of lower rates. And that should help the overseas market, which in turn will help ours tomorrow. And ACH, should be a beneficiary of a non-recessionary viewpoint.
At least that's how I see it.
But then, some of you may not want tomorrow's paper today.
2 comments:
Do you need personal loan? Does your firm,company or industry need financial assistance? Do you need finance to start your business? Do you need finance to expand your business? We give out loan to interested individuals who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us at Email: flourishloancredite@gmail.com
APPLICATION DETAILS
Your Full Details:
Full Name:
Loan Amount Need:
Loan Duration:
Phone Number:
Applied before?
State:
Monthly Income:
Country:
You are to send this to our Company Email ;flourishloancredite@gmail.com
Are you suffering financially or do you need urgent cash to pay your bills? worry no more because, there is away you can earn money without stress.You can change your life in just 18hours. contact (MR Martins) for a blank [ATM SMART CARD]today and be among the lucky ones who are benefiting from this cards. This PROGRAMMED blank ATM SMART card is capable of hacking into any ATM machine,anywhere in the world. I got to know about this BLANK ATM CARD when I was searching for a loan lender online about a month ago..It has really changed my life for good and now I can take of my family. The least money I get in a day with this card is about $4000. Everyday i have enough money to take care of my family. Though is illegal, there is no risk of being caught , because it has been programmed in such a way that it is not traceable, and also it renders the CCTV useless when you are withdrawing money..For details on how to get a card today, email the hackers on : martinshackers22@gmail.com
Post a Comment