Freeport McMoran (FCX 101.60) was touted by Cramer on Mad Money tonight. I mentioned this three times last three weeks:
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.
And the week before at 88-89
They gave the stock away this morning. Don't lose your head when the market loses theirs.
Tomorrow we probably get 107. And now I've mentioned it three Wednesday's in a row.
Now you know why.