Andrew Keene of AlphaShark Trading, reporting on CNBC from what looks to be his
apartment bedroom trading office, thinks the battered stock of Freeport McMoRan (Ticker: FCX) has bottomed, and by this time next year will be at $8 – $10, representing a +90% – +138% return over its current share price of $4.20.
“…there is a battle between the bulls and the bears on where they think the stock could go.”
“I think it has bottomed. The stock is going higher…I think we could get back up to $8 to $10 by January 2017.”