Thursday, March 19, 2009

Bookkeeping: Short Freeport McMoran (FCX)

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Ok, *now* I will short Freeport McMoran Copper & Gold (FCX) - the move has gotten frothy and I will eventually be long this name but there are now two gaps in the chart. I am entering around $41.70 (4% allocation) and my target is $38 at least... no stop loss on this as its nowhere near any support level and believe it or not, the market does go down every so often ...

EDIT 10:45 PM - yikes I got a terrible fill on FCX - I guess I'm short in the $41.20s not $41.70s. awful.

Short Freeport McMoran in fund and personal account


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