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hiker

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Reply with quote  #1 
$55 is an historical area of interest...will it move above...recent declining volume trend?

support near $47.50 was recently bought






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Reply with quote  #2 
unfilled bearish gap on the daily remains above from here to approx $57.50 -



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Reply with quote  #3 
11/3 intraday

will FCX sustain the move above the Sept. $61.07 high?






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Reply with quote  #4 
11/15 intraday

note the current price action vs. the rising bottoms trendline on the weekly chart, and note the PnF chart in this link -

http://stockcharts.com/gallery/gv?fcx

the PnF chart remains in a bullish configuration for now
today's low tested the 50-day sma

today's low is marked to show proximity to horizontal support...this zone also mentioned earlier in this thread ...note the structure of the upper BB as this horizontal zone is approached....and the Williams bounce -



intraday sector update, tho' FCX is both a copper and gold producer -

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort RatioPEG Ratio Book ValueMarket Cap
-
-
-
-
-
CUPDown 48.55%3.55Down 0.06Down 1.66%573,700664,445N/A77.50M3.9-0.847420.03M
-
-
-
-
-
FCXDown 19.86%57.85Up 0.86Up 1.51%2,736,6003,822,9202.20%193.42M2.10.766.56311.39B
-
-
-
-
-
MADDown 5.28%10.40Up 0.07Up 0.68%7,00013,789.40.30%24.34M0.3-0556.22M
-
-
-
-
-
PCUDown 12.90%50.85Down 0.06Down 0.12%2,114,0002,381,49010.30%73.32M4.60.8011.59914.97B
-
-
-
-
-
PDDown 6.12%97.50Up 1.40Up 1.46%3,022,8005,317,2300.80%203.23M1.30.7531.78419.89B
-
-
-
-
-
WLVDown 82.48%1.20Down 0.01Down 0.83%77,400429,402N/A14.85M17.9N/A7.94618.09M


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Reply with quote  #5 
11/20 premarket

FCX stock price trading down in the very early premarket

note approx. $50-54 horizontal zone in the daily chart posted above.....

$54.95 to $55.08 are the two intraday lows from Oct 13 to last week's low on Friday of 54.95...Oct 12th low was $52.93 (unadjusted for the $.313 dividend).


As stated in posts above, $55 horizontal area is an area of chart significance, based on the long-term chart history.

Sunday news -

PD trading up to $120 in the premarket on Monday.

Freeport-McMoRan valued its offer for PD at $126.46 per share, well above the $95.02 closing price for Phelps Dodge shares in Friday trading on the New York Stock Exchange.

http://money.cnn.com/2006/11/20/news/companies/phelps_dodge.reut/index.htm?source=yahoo_quote

flexibility exists for some analyst rating changes for FCX:

UPGRADES & DOWNGRADES HISTORY
DateResearch FirmActionFromTo
6-Oct-06PrudentialUpgradeNeutralOverweight
5-Sep-06CitigroupUpgradeHoldBuy
19-Jul-06PrudentialUpgradeUnderweightNeutral
10-Jul-06Canaccord AdamsUpgradeHoldBuy
2-Jun-06BMO Nesbitt BurnsUpgradeMarket PerformOutperform
1-Jun-06Rochdale SecuritiesUpgradeHoldBuy
30-May-06RBC Capital MktsUpgradeSector PerformOutperform
28-Apr-06UBSUpgradeNeutralBuy
21-Apr-06PrudentialDowngradeNeutralUnderweight
7-Apr-06RBC Capital MktsInitiated Sector Perform


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Reply with quote  #6 
11/20 intraday

today's 59.70 high so far is marked...price now back below the 20-day ema, which has recently represented resistance -




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Reply with quote  #7 
11/22 closing basis

Point and Figure chart breakout alert provided today, and the breakout price level is now being retested -

http://stockcharts.com/gallery/?fcx








UPGRADES & DOWNGRADES HISTORY
DateResearch FirmActionFromTo
22-Nov-06Friedman BillingsUpgradeMkt PerformOutperform
21-Nov-06Canaccord AdamsDowngradeBuyHold
21-Nov-06HSBC SecuritiesDowngradeOverweightNeutral
6-Oct-06PrudentialUpgradeNeutralOverweight
5-Sep-06CitigroupUpgradeHoldBuy
19-Jul-06PrudentialUpgradeUnderweightNeutral
10-Jul-06Canaccord AdamsUpgradeHoldBuy
2-Jun-06BMO Nesbitt BurnsUpgradeMarket PerformOutperform
1-Jun-06Rochdale SecuritiesUpgradeHoldBuy
30-May-06RBC Capital MktsUpgradeSector PerformOutperform


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Reply with quote  #8 
11/30




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Reply with quote  #9 
12/21 intraday

test of 200-day sma today -

http://stockcharts.com/charts/gallery.html?fcx



intraday sector update -

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
CUPDown 48.99%3.53Up 0.02Up 0.54%859,300607,749N/A77.98M2.7
-
-
-
-
-
FCXDown 24.18%54.75Down 3.63Down 6.22%9,331,5005,416,1702.10%193.42M2.5
-
-
-
-
-
MADDown 3.03%11.20Up 0.24Up 2.19%1,80015,769.2N/A24.34M0.2
-
-
-
-
-
PCUDown 10.28%52.40Down 2.29Down 4.19%3,857,5002,211,6209.60%73.32M6.1
-
-
-
-
-
PDDown 5.41%118.01Down 2.78Down 2.30%5,887,8006,399,4400.70%203.23M1.4
-
-
-
-
-
TGBDown 35.06%2.75Down 0.08Down 2.79%1,617,300900,858N/A119.03M0.8
-
-
-
-
-
WLVDown 80.73%1.32Up 0.03Up 2.33%261,600410,814N/A14.86M2


Thu 3:51pmFCX
PD
Cold Wind Chills Wall Street - at Forbes.com
Thu 3:11pmPCUJim Cramer's Stop Trading! Copper Collapse - at TheStreet.com
Thu 2:00pmFCXMetals Stocks: Gold futures end lower, tally two-session loss of almost $4 - at MarketWatch





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Reply with quote  #10 
1/3 closing basis -

rising bottoms trendline support was violated today on both the 2-year weekly chart, and the 20-year monthly chart.

weekly chart -




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Reply with quote  #11 
2/26 close

closed today above the $61.78 swing high....PnF chart shows
the significance of price level now being tested -

http://stockcharts.com/charts/gallery.html?fcx

this is the second week the weekly PSAR has been on a buy signal

Ted Burge shows $60.41 horizontal resistance/support has been surpassed by today's price action...will this move hold?

http://www.tic-tac-dough.com/YGOLDCOMPONENTSPAGE.html


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Reply with quote  #12 
3/1

late today FCX announces it is offering $6B of notes in two tranches

subject to the Phelps Dodge acquisition deal

some of the proceeds will fund the PD deal

--------

note that price action continues to pivot somewhat around $55 level mentioned in posts above

-----------

Freeport-McMoRan Copper & Gold to offer $6 bln of notes
at MarketWatch (Thu 5:00pm)
Freeport-McMoRan gauges earnings after Phelps Dodge merger
at MarketWatch (Thu 4:56pm)
Freeport-McMoRan to Offer $6B in Notes
AP (Thu 4:30pm)
Freeport-McMoRan Copper & Gold Inc. Announces $6 Billion Senior Notes Offering
Business Wire (Thu 4:06pm)
FREEPORT MCMORAN COPPER & GOLD INC Files SEC form 8-K, Regulation FD Disclosure
EDGAR Online (Thu 4:00pm)


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Reply with quote  #13 
3/2 prior to the market open

Freeport-McMoRan upped to buy at Deutsche Bank
at MarketWatch (Fri 5:57am)



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Reply with quote  #14 
3/2 close

weekly

note price trend vs the 34-week ema over time

closed Friday 24 cents below the 34-week ema



weekly closes represented by the red and black line -

Bollinger Band is narrowing...shareholder vote on PD acquisition is coming up...



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Reply with quote  #15 

3/2 closing basis


FCX has been a beauty for swing trading the price channel..there have been several major price channels for swing trading since the end of 2002.

toward the end of Sally's article, she addresses the bull run in commodities -

http://hamzeianalytics.blogspot.com/2007/02/s-and-commodity-prices.html

this repeats thoughts expressed by others such as Eric Bolling of the Nymex that commodities are in the early years of what history shows are 11 or 12 year bull runs in commodities (btw, Eric has stated on numerous occasions to avoid FCX because gold plays are better bets in his opinion than copper plays...he does not seem to think a bottom in housing has yet stabilized)

FCX shareholder vote for the PD merger is coming up on March 14...see link under "what's new"on home page

http://www.fcx.com/


FCX will become even more of a copper-oriented play with the PD acquisition....see PD product profile at the end of this post.

copper commodity futures peaked in May 2006 over $4 when gold and other commodities/equities were peaking, and copper then retraced to establish some resistance zones in the mid to upper $3's and then the lower $3.00's..last week copper traded 2.70's or so.

I wonder about FCX post the merger...and wonder about copper's fate in the years ahead...sure right now the focus is on the "housing slowdown" and on potential lower economic growth in China, India, Asia, etc.

note the FCX uptrend off the 2000 low to the May 06 high...with one period of somewhat horizontal basing from late 2003 to late 2005 when the next breakout occured.,.that breakout price level was backtested by the 2006 low (the long-term weekly support trendline was violated by that spike low but price quickly recaptured the upsloping price channel)

the price action following the 2006 low appears to be in a somewhat horizontal or upsloping price channel...

will a FCX price breakout or breakdown from that horizontal or upsloping price channel eventually occur?

will copper prices in future years likely head back up to test the $3.30 to 3.70 price levels again...and higher? or will copper prices be long stuck in a range-bound price zone?

since the 2006 low for FCX, higher highs and higher lows control the price pattern.

Monday's test and close above the $61.78 November high failed when price immediately reversed when equities declined on Tuesday's market selloff.

http://stockcharts.com/charts/gallery.html?fcx

this recent action is market related, but what was price action thru Monday's close attempting to suggest long term about copper commodity prices, and the future potential price action for FCX once the overall market stabilizes?



Phelps Dodge Corporation engages in the production of copper, molybdenum, molybdenum-based chemicals, and continuous-cast copper rod worldwide. The company operates in two divisions, Phelps Dodge Mining Company (PDMC) and Phelps Dodge Industries (PDI). The PDMC division has five copper production segments in the United States, including Morenci, Bagdad, Sierrita, Chino/Cobre, and Tyrone; and three copper production segments in South America consisting of Candelaria/Ojos del Salado, Cerro Verde, and El Abra. These segments include open-pit mining, underground mining, sulfide ore concentrating, leaching, solution extraction, and electrowinning. In addition, the Candelaria, Ojos del Salado, Morenci, Bagdad, Sierrita, and Chino mines produce gold and silver; the Bagdad, Sierrita, and Chino mines produce molybdenum and rhenium; and the Cerro Verde mine produces molybdenum and silver. This segment also developing a copper mine in Safford, Arizona; and a copper/cobalt mine in the Katanga province in the Democratic Republic of Congo. PDMC�s Manufacturing segment consists of conversion facilities, including smelters, refineries, and rod mills. It also purchases and sells copper. PDMC�s Molybdenum segment produces molybdenum, with mining, roasting, and processing facilities that produce molybdenum-based chemicals, molybdenum metal powder, and metallurgical products. In addition, it roasts and/or processes material on a toll basis. The PDI division consists of Wire and Cable segment, which produces engineered products principally for the energy sector in Latin America, Asia, and Africa.


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Reply with quote  #16 
Sunday, 3/4/07

see the "Market Week in Review" section written by Gary at his website -

http://www.hedgefundmgr.blogspot.com/

excerpt -

Gold fell substantially on the week as historic investment fund speculation subsided on worries over demand from emerging market economies. Copper fell this week on worries over global demand and increased downside speculation. Copper is now 33.7% lower from euphoric highs set last year.

Natural gas, oil, gold and copper all look both fundamentally and technically weak.



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Reply with quote  #17 
3/4 Sunday -

http://stockcharts.com/charts/gallery.html?fcx

some statistics measuring the % decline from recent swing highs starting with the $60.06 early November swing high...

% decline off each swing high noted below to the immediately following swing low -

11% decline from the $60.06 swing high

21% decline from the 61.78 swing high

10% decline from the 58.56 swing high

12% decline so far from last Monday's $61.99 swing high to Friday's low

unweighted average decline including the current potentially incomplete swing cycle =

13.5% average decline from each swing high
--------

Ted Burge shows that last week's low (Tuesday and Friday lows) resides near a horizontal S/R price, with $56.43 above and $51.60 below as horizontals -

http://www.tic-tac-dough.com/YGOLDCOMPONENTSPAGE.html

---------

note the near-term rising bottoms trendline that connects the $48.56 low with the 52.65 low...will this t/l be violated by downside price action?





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Reply with quote  #18 
Sunday 3/4 -

China Daily:
- China’s Premier Wen Jiabao today will announce measures to slow economic growth to 8% this year. Wen will propose stronger measures to control fixed-asset investment and credit growth. The Chinese government’s primary mission this year will be to restrain economic growth, and it may focus on stabilizing prices and reducing unemployment.


3/5 closing basis copper sector stats -

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
CUPDown 42.90%3.94Down 0.08Down 1.99%300,928570,563N/A77.98M3.5
-
-
-
-
-
FCXDown 26.47%53.09Down 1.54Down 2.82%9,873,4436,901,0202.20%193.49M3.2
-
-
-
-
-
MADDown 8.53%11.90Up 0.60Up 5.31%26,50017,430N/AN/A1.2
-
-
-
-
-
PCUDown 15.44%64.69Down 2.91Down 4.30%3,952,0082,363,8009.70%73.32M6.2
-
-
-
-
-
PDDown 4.46%122.29Down 0.76Down 0.62%3,924,3084,373,7400.60%203.39M1.3
-
-
-
-
-
TGBDown 41.41%2.49Down 0.06Down 2.35%775,601902,488N/A125.92M0.7

today's commodity futures close -


Futures Spot Prices
Crude Oil 59.90 -2.82%
Reformulated Gasoline 184.17 -3.16%
Natural Gas 7.28 +.51%
Heating Oil 172.20 -2.61%
Gold 637.10 -1.07%
Base Metals 228.15 -3.39%
Copper 266.0 -.89%


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Reply with quote  #19 
3/7

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
BHPDown 16.10%42.57Up 0.09Up 0.21%2,345,9003,401,5902.80%2.97B1.4
-
-
-
-
-
CUPDown 41.30%4.05Up 0.06Up 1.50%177,400562,870N/A77.98M3.5
-
-
-
-
-
FCXDown 22.17%56.19Up 0.75Up 1.35%5,460,6516,972,6502.40%193.65M3.2
-
-
-
-
-
IVNUp 1.99%11.81Up 1.33Up 12.69%1,846,900586,612N/A227.81M20.4
-
-
-
-
-
MADDown 6.23%12.20Up 0.96Up 8.54%7,70018,280N/AN/A1.2
-
-
-
-
-
PCUDown 11.61%67.62Up 0.56Up 0.84%1,804,7002,418,23010.50%73.32M6.2
-
-
-
-
-
PDDown 2.45%124.86Up 0.48Up 0.39%3,104,8004,331,3700.70%203.39M1.3
-
-
-
-
-
TGBDown 40.24%2.54Down 0.03Down 1.17%598,900899,485N/A125.92M0.7
-
-
-
-
-
WLVT.PKDown 67.45%2.23Down 0.02Down 0.89%30,919350,767N/A14.86MN/A


Futures Spot Prices
Crude Oil 61.85 +1.93%
Reformulated Gasoline 189.65 +2.33%
Natural Gas 7.31 -2.07%
Heating Oil 176.57 +1.05%
Gold 651.0 +.74%
Base Metals 235.46 +.56%
Copper 279.15 +2.87%



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Reply with quote  #20 
3/9

closing stats -

Futures Spot Prices
Crude Oil 59.95 -2.0%
Reformulated Gasoline 189.50 +.56%
Natural Gas 7.05 -1.61%
Heating Oil 171.24 -2.56%
Gold 649.50 +.71%
Base Metals 236.69 +.22%
Copper 278.80 +2.54%


two different news items today -

- a.m. - Copper prices in NY fell by the most in a week after inventories jumped 15% in China, the world’s biggest user, signaling slowing demand.

Phelps shareholders win concessions
at Reuters (Fri 6:33am)


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Reply with quote  #21 

3/15
 
FCX tests 60.42 horizontal resistance today....will it become support at some future date? 

 
Four prior approx. tests of 60.42 horizontal since December have failed to hold 60.42 as horizontal support.  Does it  make a difference that the merger with PD has now been approved and funded?
 
news today, including analyst comments-
 

Freeport-McMoRan shares jump 7% on copper, analyst comments

at MarketWatch (Thu 12:24pm)

 

New Issue - Freeport-McMoRan sells $6 bln in 3 parts

at Reuters (Thu 10:08am)

 

Freeport-McMoRan Copper & Gold Inc. Prices Senior Notes in Conjunction with $17.5 Billion in Financing for Phelps Dodge Acquisition

Business Wire (Thu 7:00am)

------------
 
http://www.thestreet.com/_yahoo/markets/metals/10344755.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
 
article excerpt about copper commodity prices -
 

Turning to the technical side of things, chart watchers see the way clear for the rally to continue.

"The key move was above the 100-day moving [average] at $2.88," says Joe Palmisano, senior technical analyst at IDEAglobal in New York, which he says points to a target price of between $3.07 and $3.15 a pound.

 


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Reply with quote  #22 
3/15
 
http://www.kitcometals.com/
 
 
NEW YORK FUTURES MARKET IS CLOSEDopens in 16 hrs. 20 mins. 52 secs.
 MonthNY TimeLastOpen Int.Prev. Vol.Vol.DTE
JulyMar 15 2007 1:08PM2.96651013012341741136
MarchMar 15 2007 12:58PM2.9800287527636713

 » Latest News ¬
Copper Rises Most in 5 Months on China Demand, Equity Rebound - Bloomberg, Mar 15 2007 12:08PM
Nickel Rises to a Record for Fourth Day as Stockpiles Plunge - Bloomberg, Mar 15 2007 7:27AM
MARKET INSIGHT: Chinese Aluminum Company Looking to Profit from Renewed Demand - Yahoo! Canada, Mar 15 2007 3:13PM
Nickel Leads Metals Higher as Chinese Industrial Output Beats Forecasts - Bloomberg, Mar 15 2007 2:28PM
Freeport-McMoRan Copper & Gold Prices Senior Unsecured Notes, A Part Of Debt Financing For Acquisition Of Phelps Dodge - Update [FCX] - RTTNews.com, Mar 15 2007 1:48PM
Shareholders of Freeport-McMoRan Copper & Gold Inc and Phelps Dodge Corp approve acquisition - M2, Mar 15 2007 1:48PM
Kazakhmys Second-Half Profit More Than Doubles on Higher Copper Prices - Bloomberg, Mar 15 2007 1:04PM
Kazakhmys profits double on copper price boom - citywire.co.uk, Mar 15 2007 12:53PM
Copper Reaches 3-Month High, Nickel Sets Record High - NewsMax.com, Mar 15 2007 12:53PM
Phelps Dodge, Freeport-McMoRan stockholders sign off on buyout - Biz Journals, Mar 15 2007 12:33PM

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Reply with quote  #23 
3/16 closing basis -

http://stockcharts.com/charts/gallery.html?fcx

FCX horizontal support and resistance price levels -

$60.42 - today represented the first close above this horizontal since December...
will it become a sustained support level???

58.71

56.43

54.72

51.60


Futures Spot Prices
Crude Oil 57.10 -4.9%
Reformulated Gasoline 190.32 +.52%
Natural Gas 6.93 -1.91%
Heating Oil 169.10 -1.33%
Gold 653.0 +.33%
Base Metals 247.72 +4.7%
Copper 301.40 +8.1%

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
BHPDown 13.01%44.14Up 0.08Up 0.18%2,044,8003,377,8602.60%2.97B1.4
-
-
-
-
-
CUPDown 42.61%3.96Down 0.07Down 1.74%334,000528,003N/A77.98M3.5
-
-
-
-
-
FCXDown 15.91%60.71Up 0.55Up 0.91%12,385,0007,580,7702.20%193.65M3.2
-
-
-
-
-
IVNDown 7.53%11.29Down 0.16Down 1.40%426,400610,632N/A227.81M20.4
-
-
-
-
-
MADDown 12.76%11.35Down 0.03Down 0.26%18,50019,275N/AN/A1.2
-
-
-
-
-
PCUDown 12.17%67.19Down 0.79Down 1.16%1,882,2002,545,01010.30%73.32M6.2
-
-
-
-
-
PDUp 0.05%128.50Up 0.57Up 0.45%3,420,4004,332,7600.60%203.39M1.3
-
-
-
-
-
TGBDown 38.12%2.63Up 0.04Up 1.54%1,444,500830,915N/A125.92M0.7
-
-
-
-
-
WLVT.PKDown 71.82%1.93Down 0.16Down 7.66%59,737329,015N/A14.86MN/A


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Reply with quote  #24 
3/19 intraday

3/19

have sold entire FCX long in all portfolios

as stated before copper commodity prices have resistance zone 3.20/3.33 to 3.60/.66

will reassess FCX in a while for reentry...using $ elsewhere for now....this was a very large total position...could have kept some on the table on this potential horizontal breakout, but my trading habit is often to sell when others are buying...as in NYX and CSCO some mos. ago when they had high volume breakouts.

FCX is likely bullish while it holds above a weekly close above 60.42 horizontal


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Reply with quote  #25 
Jim Cramer's Stop Trading! Freeport's Ship Comes In
at TheStreet.com (Mon 2:56pm)

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Reply with quote  #26 
3/19 closing basis

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
BHPDown 10.35%45.49Up 1.35Up 3.06%2,204,6003,372,6902.50%2.97B1.4
-
-
-
-
-
CUPDown 41.59%4.03Up 0.07Up 1.77%282,400521,973N/A77.98M3.5
-
-
-
-
-
FCXDown 13.52%62.44Up 1.73Up 2.85%23,554,6157,669,1302.10%193.65M3.2
-
-
-
-
-
IVNDown 7.04%11.35Up 0.06Up 0.53%369,100599,323---
-
-
-
-
-
MADDown 11.53%11.51Up 0.16Up 1.41%28,30019,496.7N/AN/A1.2
-
-
-
-
-
PCUDown 8.46%70.03Up 2.84Up 4.23%2,272,9002,547,20010.00%73.32M6.2
-
-
-
-
-
PDUp 0.21%129.47Up 0.97Up 0.75%8,102,2504,283,9800.60%203.39M1.3
-
-
-
-
-
TGBDown 40.00%2.55Down 0.08Down 3.04%880,348838,185N/A125.92M0.7
-
-
-
-
-
WLVT.PKDown 72.26%1.90Down 0.03Down 1.55%19,400322,902N/A14.86MN/A



Futures Spot Prices
Crude Oil 56.75 -.63%
Reformulated Gasoline 195.95 +2.75%
Natural Gas 7.09 +2.95%
Heating Oil 169.30 +.25%
Gold 654.0 +.02%
Base Metals 251.93 +1.70%
Copper 302.50 +.46%



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                Wolfden Resources endorses $338M takeover offer from Zinifex of Australia                                                                 - Canadian Press, Mar 19 2007 2:39PM
                                                                Copper Rises to Highest in Three Months as Inventories Decline                                                                 - Bloomberg, Mar 19 2007 1:00PM
                                                                Sector Wrap: Copper Producers                                                                 - AP via MSN Money, Mar 19 2007 4:52PM
                                                                BHP, Rio Tinto Among Companies Keen to Operate in Nigeria, Minister Says                                                                 - Bloomberg, Mar 19 2007 4:02PM


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Reply with quote  #27 
Monday after the close -

AP (Mon 8:03pm)
FCX Secures $11.5B Credit Line
AP (Mon 4:43pm)
FREEPORT MCMORAN COPPER & GOLD INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
EDGAR Online (Mon 4:23pm)


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Reply with quote  #28 
3/20

two favorable analyst comments -

http://www.newratings.com/analyst_news/company.asp?isin=US35671D8570

--------
- Copper supplies from mines and scrap yards outpaced demand by 350,000 metric tons in 2006, compared with a 100,000 deficit in 2005, the International Copper Study Group said. Usage in China, the world’s largest consumer of the metal, fell 1% in 2006.

---------

Sector Snap: Copper Price Climbs to Peak
AP (Tue 3:58pm)
Freeport Seals the Deal
at Motley Fool (Tue 1:56pm)
                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                Copper rallies after strong rebound in US housing starts                                                                 - Interactive Investor International, Mar 20 2007 10:52AM
                                                                Sector Wrap: Titanium                                                                 - AP via MSN Money, Mar 20 2007 5:17PM
                                                                Sector Snap: Copper Price Climbs to Peak                                                                 - Houston Chronicle, Mar 20 2007 4:57PM
--------

3/20 closing basis

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
BHPDown 8.83%46.26Up 0.77Up 1.69%3,030,9003,357,6802.50%2.97B1.4
-
-
-
-
-
CUPDown 40.00%4.1399Up 0.1099Up 2.73%403,500501,652N/A77.98M3.5
-
-
-
-
-
FCXDown 13.63%62.36Down 0.08Down 0.13%12,720,1207,936,4202.10%193.65M3.2
-
-
-
-
-
IVNDown 5.81%11.50Up 0.15Up 1.32%349,500594,210---
-
-
-
-
-
MADDown 12.14%11.43Down 0.08Down 0.70%17,30019,670N/AN/A1.2
-
-
-
-
-
PCUDown 8.17%70.25Up 0.22Up 0.31%2,735,2102,557,11010.10%73.32M6.2
-
-
-
-
-
TGBDown 40.94%2.51Down 0.04Down 1.57%647,723838,093N/A125.92M0.7
-
-
-
-
-
WLVT.PKDown 70.07%2.05Up 0.15Up 7.89%32,650318,455N/A14.86MN/A


Futures Spot Prices
Crude Oil 56.73 +.25%
Reformulated Gasoline 194.88 -.47%
Natural Gas 6.92 +1.12%
Heating Oil 168.0 -.50%
Gold 659.10 +.73%
Base Metals 251.15 -.31%
Copper 302.10 -.02%


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Reply with quote  #29 
3/20 close

daily



weekly



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Reply with quote  #30 
3/21 prior to market open

to consider -

for FCX to double in price requires it to go to $120+

and for CMGI bought at potential future dips to 1.50+ requires it to go to 3....

based on what I know right now, I like CMGI better than FCX -

for potential speed to a double...I will put more $ into CMGI trade at 1.50 to 1.70 dips (and or move above $2.00) than I ever will in FCX.

------------

Cramer's 'Mad Money Lightning Round': Let Freeport Ring
at TheStreet.com (Tue 7:20pm)


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Reply with quote  #31 
3/21 intraday

eyeballing 58.60/.80 to 60/60.42 or 60.80 for potential re-entry long targets...little too early to think about  bottom-picking a new long entry....much better to wait for the move down to complete, then buy again on a buy signal on the 13 minute chart.

as Jae of undergroundtrader.com says...never fight the 13-minute, which is currently on a sell since yesterday

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Reply with quote  #32 
3/21 intraday

first move below the 5-day sma in a while -




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Reply with quote  #33 
3/21 close

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
BHPDown 6.96%47.21Up 0.95Up 2.05%3,172,5943,370,1602.50%2.97B1.4
-
-
-
-
-
CUPDown 39.13%4.2000Up 0.0601Up 1.45%517,000474,425N/A77.98M3.5
-



-



-



-



-



CUU.VDown 10.14%1.33Up 0.07Up 5.56%295,316487,555---
-
-
-
-
-
FCXDown 13.34%62.57Up 0.21Up 0.34%11,596,5738,083,1302.00%193.65M3.2
-
-
-
-
-
IVNDown 5.00%11.60Up 0.10Up 0.87%748,200582,470N/A227.81M20.4
-
-
-
-
-
MADDown 10.38%11.66Up 0.23Up 2.01%11,50019,883.3N/AN/A1.2
-
-
-
-
-
OLNDown 25.17%16.95Up 0.46Up 2.79%738,400649,5274.90%73.27M8.7
-

-

-

-

-

PCUDown 5.66%72.17Up 1.92Up 2.73%2,412,0002,571,3609.70%73.32M6.2
-

-

-

-

-

TGBDown 39.06%2.59Up 0.08Up 3.19%481,800803,513N/A125.92M0.7
-
-
-
-
-
TNRO.OBDown 28.57%2.60Down 0.15Down 5.45%55,34463,946.7N/AN/AN/A
-
-
-
-
-
WIREDown 44.60%26.23Up 0.56Up 2.18%318,369496,6650.30%21.30M12.2
-
-
-
-
-
WLVT.PKDown 70.07%2.05 0.00 0.00%28,872315,045N/A14.87MN/A




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Reply with quote  #34 
3/22

Thu 12:17pmFCXTaking the Long View - at SmartMoney.com

Thu 11:47amFCXGold Gets Post-Fed Lift - at TheStreet.com

- Michael Shaoul, CEO of investment research firm Oscar Gruss & Son Inc. in NY said the recent rally in copper is driven by speculative financial flows to investment funds rather than any improvements in the supply/demand situation for the metal.

3/22 close -

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
BHPDown 7.11%47.13Down 0.08Down 0.17%2,284,9543,376,2502.40%2.97B1.4
-
-
-
-
-
CUPDown 38.70%4.23Up 0.03Up 0.71%583,500474,030N/A77.98M3.5
-
-
-
-
-
CUU.VDown 6.08%1.39Up 0.06Up 4.51%694,370488,685---
-
-
-
-
-
FCXDown 14.25%61.91Down 0.66Down 1.05%16,398,5498,222,6602.00%193.65M3.2
-
-
-
-
-
IVNDown 3.85%11.74Up 0.14Up 1.21%699,200579,717N/A227.81M20.4
-
-
-
-
-
MADDown 8.61%11.89Up 0.23Up 1.97%15,60020,031.7N/AN/A1.2
-
-
-
-
-
OLNDown 24.77%17.04Up 0.08Up 0.47%602,200655,2874.90%73.27M8.7
-
-
-
-
-
PCUDown 6.61%71.44Down 0.73Down 1.01%2,698,4002,567,8409.70%73.32M6.2
-
-
-
-
-
TGBDown 37.88%2.64Up 0.05Up 1.93%882,400770,397N/A125.92M0.7
-
-
-
-
-
TNRO.OBDown 31.04%2.51Down 0.09Down 3.46%31,35163,198.3N/AN/AN/A
-
-
-
-
-
WIREDown 44.67%26.20Down 0.03Down 0.11%262,677491,7780.30%21.30M12.2
-
-
-
-
-
WLVT.PKDown 70.07%2.05 0.00 0.00%11,171310,428N/A14.87MN/A

Futures Spot Prices
Crude Oil 61.76 +3.61%
Reformulated Gasoline 195.87 +3.22%
Natural Gas 7.33 +2.43%
Heating Oil 171.90 +3.27%
Gold 664.20 +.64%
Base Metals 248.96 +.71%
Copper 307.40 +1.82%


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Reply with quote  #35 
3/23 closing basis

consecutive weekly closes above $60 to 60.42 long-term horizontal support will keep this advance potentially in play..weekly closes below $60 may not be a healthy sign...reversion to the price mean may follow a weekly close below 60-60.42 horizontal zone


FCX price advance has stalled so far... closes since last Friday are:

60.71 last Friday closing price.... prior to this week's successful breakout attempt above the prior $61.99 swing high...

62.44 Monday

62.36 Tues

62.57 Wed close

61.91 3/22 close

62.30 3/23 close

news today -

Freeport to Raise $5 Billion
AP (Fri 10:00am)
UPDATE - Freeport-McMoRan prices share offerings
at Reuters (Fri 8:49am)
InPlay: Freeport-McMoRan prices a 41 mln share common stock offering at $61.25/share
Briefing.com (Fri 8:16am)
Freeport-McMoRan Copper & Gold Inc. Prices Offerings of 41 Million Shares of Common Stock and 25 Million Shares of Mandatory Convertible Preferred Stock
Business Wire (Fri 8:08am)

James Dines forecasts recession in China, and makes related comments about copper -

http://www.marketwatch.com/quotes/ca/pnp

                                                               
12:05 AM todayPeter Brimelow: Dines can afford his attitude
12:01 AM 11/13/06Peter Brimelow: Dines' day dawning?


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Reply with quote  #36 
3/23 closing basis

daily chart -

today, the 5-day simple moving average is representing resistance..it has acted as support during the recent price advance..change in trend, or just a one-day event?



daily chart with a plot of closing price as a line -



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Reply with quote  #37 
3/23 closing basis -

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
BHPDown 6.88%47.25Up 0.12Up 0.25%3,215,1393,346,5902.40%2.97B1.4
-
-
-
-
-
CUPDown 39.13%4.20Down 0.03Down 0.71%233,400469,222N/A77.98M3.5
-
-
-
-
-
CUU.VDown 2.03%1.45Up 0.06Up 4.32%388,759496,845---
-
-
-
-
-
FCXDown 13.71%62.30Up 0.39Up 0.63%46,836,3508,333,3902.00%193.65M3.2
-
-
-
-
-
IVNDown 4.26%11.69Down 0.05Down 0.43%1,159,600577,953N/A227.81M20.4
-
-
-
-
-
MADDown 10.84%11.60Down 0.29Down 2.44%2,90020,233.3N/AN/A1.2
-
-
-
-
-
OLNDown 24.28%17.15Up 0.11Up 0.65%634,500653,9974.70%73.27M8.7
-
-
-
-
-
PCUDown 7.56%70.72Down 0.72Down 1.01%3,119,2802,546,1309.40%73.32M6.2
-
-
-
-
-
TGBDown 38.35%2.62Down 0.02Down 0.76%756,296756,260N/A125.92M0.7
-
-
-
-
-
TNRO.OBDown 30.49%2.53Up 0.02Up 0.80%29,90663,118.3N/AN/AN/A
-
-
-
-
-
WIREDown 44.56%26.25Up 0.05Up 0.19%276,453484,3700.30%21.30M12.2
-
-
-
-
-
WLVT.PKDown 70.80%2.00Down 0.05Down 2.44%28,239306,023N/A14.87MN/A


Futures Spot Prices
Crude Oil 62.21 +4.58%
Reformulated Gasoline 199.25 +4.76%
Natural Gas 7.25 +4.66%
Heating Oil 171.34 +1.04%
Gold 657.50 +.64%
Base Metals 247.70 -.01%
Copper 307.25 +1.66%


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Reply with quote  #38 
3/23 after the market close

Jim Cramer features FCX in detail in his Mad Money show tonight and provides an upside target of $100 saying

the crowd loves this stock,

and he believes FCX will exceed analyst estimates, which he says do not currently reflect improved company earnings prospects he believes will result from the FCX/PD merger.

he also mentioned that Toyota Motors has announced it is converting to the use of copper batteries in new car mfg. as a "green initiative" and this will add to copper demand.


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Reply with quote  #39 
3/26 intraday

Copper is rising 2.0% in NY as global stockpiles declined, signaling stronger demand for the metal.

- Copper-mining capacity will grow at an average annual rate of 4.6% from 2006 through 2011, the International Copper Study Group said.

http://www.hedgefundmgr.blogspot.com/
---------

mid-day analyst increased price target -

http://www.newratings.com/analyst_news/company.asp?isin=US35671D8570

-----------

closing basis stats -

SymbolPct from Yr HighTradeChangeVolumeAvg Vol (3m)YieldFloatShort Ratio
-
-
-
-
-
BHPDown 3.96%48.73Up 1.48Up 3.13%5,189,3003,363,4402.40%2.97B1.4
-
-
-
-
-
CUPDown 39.71%4.16Down 0.04Down 0.95%229,200466,248N/A77.98M3.5
-
-
-
-
-
CUU.VUp 8.11%1.60Up 0.15Up 10.34%821,223501,123---
-
-
-
-
-
FCXDown 10.39%64.70Up 2.40Up 3.85%28,374,9629,032,5602.00%193.65M3.2
-
-
-
-
-
IVNDown 4.18%11.70Up 0.01Up 0.09%806,700588,825---
-
-
-
-
-
MADDown 11.15%11.56Down 0.04Down 0.34%13,80020,251.7N/AN/A1.2
-
-
-
-
-
OLNDown 23.84%17.25Up 0.10Up 0.58%518,800656,5434.70%73.27M8.7
-
-
-
-
-
PCUDown 6.99%71.15Up 0.43Up 0.61%3,220,9002,569,1309.50%73.32M6.2
-
-
-
-
-
TGBDown 37.18%2.67Up 0.05Up 1.91%569,700744,333N/A125.92M0.7
-
-
-
-
-
TNRO.OBDown 31.32%2.50Down 0.03Down 1.19%24,44163,156.7N/AN/AN/A
-
-
-
-
-
WIREDown 45.32%25.89Down 0.36Down 1.37%192,934479,4100.30%21.30M12.2
-
-
-
-
-
WLVT.PKDown 70.51%2.02Up 0.02Up 1.00%11,100303,788N/A14.87MN/A


Futures Spot Prices
Crude Oil 62.97 +1.11%
Reformulated Gasoline 206.88 +3.53%
Natural Gas 7.27 +.14%
Heating Oil 177.30 +3.62%
Gold 664.50 +1.10%
Base Metals 246.83 -.35%
Copper 314.15 +2.36%

FCX charts and comments are continued at this link -

http://forums.technicalwatch.com/tool/post/fib_1618/vpost?id=1791991

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