Freeport-McMoRan (FCX) Revises Operating Plans Due to Price
I own 200 shares of Freeport-McMoRan Copper & Gold Inc (FCX) with a pre-option cost of $72.50 each. I started this position by selling naked puts and have sold covered calls a couple of times since then. I waited since the last covered
(NYSE: FCX):– Reduction in Copper Production and Sales of 200 million pounds (5%) in 2009e and 500 million pounds (11%) in 2010e Compared with Previous Estimates– 18% Reduction in Estimated 2009 Unit Site
A), Bed Bath and Beyond (BBBY), Research in Motion (RIMM), Goldman Sachs Group (GS), Morgan Stanley (MS), US Steel (X), Marvell Technology Group (MRVL), Freep't McMoRan Copper (FCX). General Motors Corp. (NYSE: GM), Ford Motor Co.
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