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To: Micawber who wrote (64149)9/12/2008 3:29:02 PM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
A vibrant big cap like FCX dropped from 93 to 63 in seven trading sessions, and it's widely owned by institutions.

Panic creates crazy charts. If something emerges about PRC that puts their survival in doubt, I would see a reason for it to trade under a buck. Can you see anything like that on their horizon?

Only sub-$60 oil would really do it, IMHO.



To: Micawber who wrote (64149)9/12/2008 3:35:56 PM
From: JSBRead Replies (1) | Respond to of 118717
 
Everyone has to do what they have to do. Otoh,
CIT just lent PRC 65 million bucks and
they've got access to much more information
than we do. Even if you don't believe anything
in their press releases or website, that loan
speaks volumes.

JMHO, of course, but it doesn't stink any
worse than CLL.to.


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