Freeport-McMoRan Copper & Gold, Inc. (FCX)

One of my favorite miners in general, but it's gotten way ahead of itself, especially now that China is looking to unload all that copper it's been buying. Long term - great, short to medium term - very bad potential

Hello USD, bye bye GLD.

Freeport-McMoran is selling near the high-end of my probable valuation for it. Commodities are overvalued right now in general, particularly gold and copper, so I like FCX as a red thumb call.

speculation has pushed up copper prices higher than the bulging inventories dictate. Unless there is a massive surge in the global economy, copper prices are due to give up a significant part of their recent advance. The price of FCX should follow the price copper of copper downward.

I think FCX will fall in the short term due to differences in supply and demand. In the long run, I think buying the stock at around $60 per share would be a good entry. Although the chance is there for further movement upwards before a pullback, I would not be willing to risk anymore capital on such an approach.

I have a full in depth report up on my site including technical analysis, option strategy, and reasons supporting my conclusion. Check it out!

http://financialderivatives.net/?p=980

Believe the gains vs. the market are limited from this valuation.

Due for a short-term pull back.

FCX has run up too far too fast. Other S&P sectors will catch up.

#22 Worst Toxic Polluter
http://www.peri.umass.edu/toxic100_index/

[ Copper is reaching it peak for the season. Copper inventories have risen over the past few month. Bloomberg News. ]

Dollar has been falling recently but I think it time for some reverse action [short term outlook]

This stock has gone up too fast in a short period of time. The market has been way over-bearish. Wait until more bad news comes out about the state of the economy, and then everybody is going to be selling once again. Don't get caught up in the hype or else you will pay big time!

The run up of 170% from the low is a bit much. Freeport needs a few weeks to breathe before heading higher.

Copper could fall a lot more as the global economy continues to come unglued. I think gold will fall a lot, too, in the SHORT term. I intend to rate this stock outperform in a few months, after it has fallen to $5 or $10. Gold will eventually skyrocket in value. Just not right away.

I have a real-life short position in this stock.

Bearish until there is a real bull market ahead. Consumers don't buy metal, industrials do. Industrial growth looks slow for a while until the credit crisis is resolved further.

For a company that is supposed to be directly aligned with copper prices, the recent runup is not justified, as copper has been relatively flat in this timeframe. I like FCX and industrial metals as a whole to rebound big some time in 2009, I just think it is fundamentally overbought in recent weeks.

Huge loss reported (about $14 billion). What followed that was even worse. The Company plans to issue common stocks worth about $750 million so that it can pay off its debts.

Expect the current stockholders value to be diluted and the Company's stocks to underperform in this economy.

Going against the crowd on this one.

I'm betting that FCX is going to have a bad earnings report come this Monday (Jan. 26th) and will pusg this baby lower. We are experiencing a deflation, prices are going down, not good signs for this company.

Estimated EPS = -$0.97...Ouch. Comapnies that have negative EPS are getting crushed. I expect the same to happen here.

Poor value compared to industry.

metals demand is going to get very bleak quickly ... supplies aren't shrinking fast enough nor is capacity.