Thursday, March 19, 2009

Bookkeeping: Short Freeport McMoran (FCX)

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

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012