Carl Ichan must be feeling some heat today with a number of his positions deep in the red. One recent purchase of his, which is now under water, is of some interest to me here.
The ticker I speak of is $FCX. I don’t plan to go all in here, but the name is definitely worth a starter on further weakness. The technicals point to further downside, so I’m in no rush, but it’s on my radar here.
The stock now yields close to 3% and the entry here is better than Mr. Carl Ichan. Here’s a 10 year look:
