Freeport-McMoRan (FCX)

[eddy2]

Ed your now 65 years old and you could have a fortune tied up in Collateral supporting the debt a company has. You have no control of it once it leaves your pockets.

The collateral can be sold. The collateral has a revenue yet very, very small.

The trick is in the selling of it. If you hold more then a given amount of it you can receive that special status you to mention and if over five million a doctorate of derivatives title can be added to your good name.

I my self haven’t the desire in wanting that. I like the cash at hand in my hand.

Anyhow, everyone has there own vises that make them do what they do.

Don’t fall in love with any company. They will scalp you clean in the end with there elaborate executive compensation packages. It is what it is, a pirates game and you your self have to be a bit of a pirate too win at it.

Now with that said I’m not saying don’t play the equity game, just play it smart.