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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (51970)	7/31/2013 11:33:01 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78670

They cannot know anything short-term material. It can only be a long-term purchase. Smart or stupid (think Aubrey) - who knows. :)

To: John Koligman who wrote (51970)	8/1/2013 2:02:01 AM
From: Raptech	Respond to of 78670

Good question, but either way it should be a good long buy and hold. Copper prices should eventually rise and the drilling should pay off. But, the stock price hasn't performed well for too long. I own some BHP that also is down about 17% and don't need to own both. I did take half my BHP off the table when it was in the 80's last year so own it mostly with profits. I may just wait for a market correction where I can pick up FCX below 27. In the interim can they maintain the divvy.