Questions, questions, questions. You know those great television stockholder shows - the last couple of days all those gurus have been telling shareholders that McMoRan just doesn't have it, their technology is not up to par, that all that is left in that stock is a stock market play. Of course, you know what that means, dump, dump, dump before the stock crashes. Well just this morning, before the market opened, this article hit the screens. The company is going to be purchased by Freeport-McMoRan so all that dribble that came out of the gurus on CNBC, etc, were just that: drool.
I'm left wondering if they get paid extra for putting out drool.
All these guys who are always telling you to dump, dump, dump because they know something you don't know and that a catastrophe is going to befall you if you don't get out, really know nothing. Just gibberish. If you recall, Mr. Rukeyser had this famous admonition among his favorites. DON'T LISTEN TO THE NOISE. The more they shout, the more they scream, the more they tell you they know, the less they know.
yoss
Freeport-McMoRan (FCX) to Acquire McMoRan (MMR), Plains Exploration (PXP) for ~$9B
Street Insider, December 5, 2012 8:41 AM EST
link-
http://www.streetinsider.com/Corporate+News/Freeport-McMoRan+%28FCX%29+to+Acquire+McMoRan+%28MMR%29+in+%246.9B+Cash%2c+Stock+Deal/7925241.html?si_nl_click=2012120508-2358
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