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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (24079)1/17/2007 6:22:11 PM
From: Paul Senior  Read Replies (1) of 78753
 
Upped my few shares of FCX a little today.

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In: 3/8/6/ @ 48.14
Add: 6/6/6 @ 52.31
Add: 6/8/6 @ 50.39
Add: 1/17/7 @ 53.53

I want to believe I am adding at a time now when there's a correction in an on-going bull market in commodities. But who knows? Commodity risks (copper surely, gold maybe); Indonesian mine is signifant asset, so also a risk.
OTOH, FCX's recent positive cash flows have led to acquisition/debt reduction/dividend.
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