What Did You Buy Today?

[Otter]

(12-16-2020, 11:32 AM)divmenow Wrote:

(12-16-2020, 11:27 AM)fenders53 Wrote: I loaded up on FCX around $10 very early in the year.  Also sold it well before $20 so don't confuse this post with bragging lol.  FCX is one of the better cyclical metals stocks.  I'll catch it on the next hard dip.  Might be years but my watchlist is free.  

You better load up again on FCX. There isn't no hard dip coming. Once it got under $24 today that was the dip 

Come on how is your watchlist at 0 and mine is at 243?? That doesn't add up 

I held FCX at one point about five years back. It is a classic cyclical/materials stock. It likes hard dips and big runs, as most of those stocks do. The time to buy is when it craters after a dividend cut, when the Indonesian government is making threats to solicit bribes to keep the Grasberg mine open, when their foray into oil and gas exploration goes bust and ruptures the balance sheet. When they fail, they do it in style. NUE is one of the very few companies I feel safe with in the materials sector.