Replies to post #64041 on Savvy Trades and Investments

[wadegarret]

R59- FCX, long term buy ?

Hundreds of stocks the same could be said for. However in the meantime, if the market falls apart, it can go down to $5 . Right now it's selling for a 14 PE going forward based on Yahoo avg analyst EPS expectation of $.68 next year 2020. Thing is, only $.15 this year 2019 is being expected, and if things end up going bad in the market, it will never make those numbers in 2020, so I wouldn't touch it. In fact, not much in this market I would touch.

I think we're getting close to a downturn that won't end for years. I believe this is the time to hedge all long bets, or just short just about everything. Recently HZNP had a blowout report, and they raised guidance. Yesterday some analyst raised his price target to $36. I personally feel the stock is worth $32-$35. However the stock is having incredible trouble just staying over $27. Also looking the chart, this stock doesn't do well in a market downturn, regardless of their guidance.

Thing is, when the market goes bad, they take the madams with em. Re, I am perplexed as to why more posters on this board don't feel the way I do, that this is a highly dangerous and unpredictable market, and trending down. My opinion is, it's time to stop being complacent, and take action. Hedge or short !