It may sound sarcastic or cynical, but if the news flow around copper miner Freeport-McMoRan (FCX) is terrible, it's probably time to think about a good entry price. Certainly, there are worries pushing down on valuation today -- worries tied to production costs, worries tied to global growth and implied demand, and worries tied to ongoing saber-rattling from the Indonesian government. The reality, though, is that this is what it looks and sounds like when companies like this bottom out. When the news turns positive, that may just be a signal to look for the exit.
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Fear And Noise Creating Opportunity In Freeport-McMoRan