Freeport-McMoRan (FCX)

[eddy2]

Well it has been said that the last dollar spent could be the turning point in one direction or other. Yes there is risk. Nothing risked nothing gained and nothing lost. There is risk doing nothing and risk doing something. You can only hope the gains out performs the loses.

Now with Eddy saying the base line is high relative to the risk I couldn’t agree more. You have to take a hedge position against the risk allowing you to increase your exposure. The risk at the moment is one falling gold prices and the chance copper won’t go up. My self I shorted gold and long on silver should copper stagnate.

Eddy didn’t like to hedge due to a bad experience. That’s fine, that’s would be him playing out of his comfort zone. Never push a guys layed out boundary’s.

I guess for me a guy can do a lot of waiting and guessing like Eddy does or work with what the market is giving you. You can be a side line spectator or the guy in the middle of the action working the numbers and placing the bets.

I have seen companies played out to there last dollar and then announce the mother load has been found.

One in particular was trading 1000 times its measly left credit and a 100% its debt and the stock shot over a 100 times its value. My gosh there were millionaires created that day. Did they have risk, you bet they did, more then I would ever consider taking on. I don’t think I could find a hedge position to counter that risk on that particular stock that day but I sure wish I had a position in it.

Should of sat in a tree watching the bit turn on that one. He he