Stock: FCX
FCX: 60 min. will go negative this morning at the open. The next support is at the 20 day MA which is @ 110 a 5 point drop. The daily chart is still strong up but with the $15+ drop in gold and declines in all metals this morning I am concerned and feel we should error on the side of caution. I want to reduce the position 50% at the open and then decide on the rest by the close. Curiously the shares of SLT are higher at the open?
Tuesday, April 29, 2008
Time 9:19
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