PD
- Thread starter iceman1
- Start date
Quote from iceman1:
upgrading PD to a trading BUY- expiration 'may' allow entry <95
st target 103+
open gap at 100+
sector under pressure so will give this 5 days
comments?
IcE
what can i say!
yes > i was heavily long this stock > and long many options with some short front month OTM (now itm) calls which covered stock. Also was short Dec puts with April. Now hold cheap April puts and will leg into credits.
There is no doubt in my mind this stock trends higher but how much if any does it PB, first. Gotta figure this stock for 150. Hell if RIMM can see 130+++ then PD is worth 150 easily! Does it trade with the broad market or continue to run even if we correct?
$200 is not out of question >>assuming<< the "macro" stays healthy. I am not going to outthink this one like I did last week on a few positions I fu-cked up by lifting WAY TOO SOON and ignorantly selling too much premium against longs costing myself about 40,000 upside.
Comments on PD or future price?
M
IcE
This was a $10 stock three years ago.
Incredible.
I don't have anything of substance to add, but we've had a huge run.
Incredible.
I don't have anything of substance to add, but we've had a huge run.
Quote from iceman1:
so were lots of stocks at one time
bonne chance
What are the chances it's 12x where it is now in 3 years?
That'd be $1,440 per share.
This is what I've been saying when I've talked about how this was maybe a once or twice in a lifetime opportunity.
(My 'Will It Ever Be This Good Again' thread - since '03)
I don't get why it was a nice call, if not for the news, PD was actually headed down short term as the Street and mainly the hedge funds are pretty bearish on copper. Even with Tenke, PD has a hard time justifying its valuation due to estimates for copper prices. I do not necessarily agree with any estimates, but you gotta understand who is moving this stock and what info they go by.
As of now, both FCX and PD are targets, as a handful of miners may become interlopers in this deal. Also, it's a question whether the shareholders will approve this deal, although there is a lot of overlap between the biggest institutional holders of PD and FCX. The PD shareholders who do not also own FCX actually believe PD is worth $150+ at the least. And not in the future, these people really believe that PD stock price should be close to $200 TODAY.
If FCX gets an offer, watch PD cliff dive.
I originally saw that PD wanted to hit $100 again and possibly continue. However, after seeing how this stock reacts to a slight drop in copper, it was obvious that it was way overbought. Too many people in.
Long term, does not matter, PD owns Tenke, which is #1 for copper.