Stock Market technical analysis. All of my thoughts, trades and analysis are my opinions only. I am NOT responsible for any loss you may incur. These posts are NOT meant to be recommendations in the market. This website is not a solicitation to buy or sell securities, options, or futures. The purpose of this content is educational only.
Wednesday, March 9, 2011
Copper stocks going into support: FCX, SCCO
Freeport Mcmoran and Southern Copper are approaching attractive levels. I have accumulated some shares of SCCO. FCX:
No I have not. Although down 9% from my initial purchase, I tend to avoid that kind of strategy when it comes to smaller companies like XING. It is in the realm of good support @ $2.00. But these small-cap stocks are extremely risky so you have to be able to stomach the swings.
you still buying/adding to exisitng XING as it has declined some since purchase?
ReplyDeleteNo I have not. Although down 9% from my initial purchase, I tend to avoid that kind of strategy when it comes to smaller companies like XING. It is in the realm of good support @ $2.00. But these small-cap stocks are extremely risky so you have to be able to stomach the swings.
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