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Panic as Freeport Drops 10%
Shareholders of copper and gold miner Freeport McMoran (FCX) are panicking on the Yahoo Message Boards. Freeport has been hammered the last few sessions, including a 10% sell-off on Monday. The stock is down over 20% in the last week.
Some posters are just saying things like, “it’s scary” and others wondering if the stock is going to keep plunging to infinity and beyond. This poster, yourkillinme, has had enough of the panic:
MORONS OR SHEEP or are they SHEEP MORONS? (surely some sheep are dumber than others)
It really doesnt matter. Even if they’re lemmings they’re destined to die of stupidity.
Go on now and sell, before you die of a heart attack!
It’s all fine and good when the stock is going up, up, up. But investors don’t know what to do when a stock has a sharp sell-off. The same company has suddenly gone on sale- yet investors are loath to buy in when the selling gets hot.
It’s why very few investors are “great” investors. Their stomachs can’t handle going against the sheep and buying when everyone else is selling.
Can you?
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